Yes, Michael, you are correct. I meant Debt asset, sorry for mistake (I understand that it could eventually become an expense when appropriate decision would be taken). I am a software engineer, not an accountant and I am still learning all this terminology.
Regards, Sergey. On Tue, May 30, 2023 at 3:59 PM Michael or Penny Novack < stepbystepf...@comcast.net> wrote: > On 5/30/2023 8:35 AM, Sergey Mende wrote: > > Hi, David, > > > > yes, probably this is a more convenient option in my case as when a > > customer does not pay an invoice before the due date, I still have to > deal > > with such invoice differently, by posting it to the bad debt asset and > take > > further actions (all these invoices for the services being provided, so > > they are must to pay until a customer clearly terminates subscription). > > Except ----- The "bad debt" account would usually be an account of type > "expense", not type "asset" > > Look, I'm sorry, gnucash is a great help automating most of keeping > double entry books, but you still have to learn the basics of double > entry bookkeeping in order to use it effectively. Otherwise your ledger > might be a shambles (messed up chart of accounts, aka CoA). Gnucash > cannot tell you what accounts you should have in your CoA. You have to > tell that to gnucash, and where they it in the CoA hierarchy. > > Michael D Novack > > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
