And to add to what Stan & Gyle said,
Several years ago, I played around with pre-payments using a
Liabilities:Customer Deposits account but that was a mess. The way the
Business Features of GnuCash work, it is *much* easier to just Process
Payment, letting it post to AR and then apply it
-user
Date: 9/11/22 6:51 PM (GMT-05:00)
To: gnucash-user@gnucash.org
Subject: [GNC] Pre-Payments into Liabilities
Hello,
I use GnuCash for a small school. One of our parents paid their entire tuition
amount at the beginning of the year. I have been fiddling with how to record
this.
We bill monthly
On 2022-09-11 15:51, Vance Turnewitsch via gnucash-user wrote:
> I use GnuCash for a small school. One of our parents paid their entire
> tuition amount at the beginning of the year. I have been fiddling with how to
> record this.
>
> We bill monthly; therefore, for the payment that doesn't
Hello,
I use GnuCash for a small school. One of our parents paid their entire tuition
amount at the beginning of the year. I have been fiddling with how to record
this.
We bill monthly; therefore, for the payment that doesn't have a receivable yet,
shouldn't it go into a liability account?
