Hi all I'm new to GNU Cash but I just tested a method that worked and I think is valid. I went to the client's invoice and paid the full amount ($120) which then was entered by GNUCash into the Accounts Receivable. I then went into the Accounts Receivable account, located the payment, looked at the Splits (DR $120 Assets:CashOnHand, CR $120 A/R) and changed the splits to be Debit CashOnHand $60 Debit Bad Debts $60 Credit Accounts Receivable $120. The invoice is recorded as paid and no longer appears in reminders and all the accounts are in the correct state. Maybe that may be of help! Cheers Alan
On 8/3/21 4:06 pm, Keith Fetterman wrote: I recall the original question was how to make the open invoices disappear from the “Due Invoices Reminder” dialog. Based on the explanation below, do the open invoices still appear in the dialog? If so, how does one make them disappear? ------------------------------ Message: 7 Date: Sun, 7 Mar 2021 16:53:56 -0600 (CST) From: David Cousens [1]<[email protected]> To: [2][email protected] Subject: Re: [GNC] Best way to close unpaid invoices? Message-ID: [3]<[email protected]> Content-Type: text/plain; charset=us-ascii There is no need to zero out the invoice. It remains as it originally was and the debt remains on the books. What the debt write off does is correct your income for the amount of income you expected to but didn't receive and adjusts the accounts receivable to reflect that you do not expect to receive that income. If you cancel out the invoice and at some future time the client coughs up the money, you will have no way of accounting for how that money was received but a simple adjustment allows you to reverse the bad debt write off and then record the payment against the original invoice. When you make a payment against an invoice normally, you do not change the amount of the invoice, itself but you increase the amount of an asset(bank account) and decrease the amount of the Accounts receivable (also an asset ) by the same amount. The invoice creates an increase in an income account and an increase in the Accounts receivable when it is posted to you accounts. In the case of a bad debt you do not adjust the income but an expense account which has the same effect on your profit. Expense accounts can be regarded as contra income accounts. This way your accounts contain a record of the events as they affected your finances at the time the events occurred. If they are annotated well enough anyone can reconstruct the sequence of events as recorded David Cousens ----- David Cousens -- Sent from: [4]http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ------------------------------ Subject: Digest Footer _______________________________________________ gnucash-user mailing list [5][email protected] To update your subscription preferences or to unsubscribe: [6]https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see [7]https://wiki.gnucash.org/wiki/Ma iling_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All. ------------------------------ End of gnucash-user Digest, Vol 216, Issue 17 ********************************************* _______________________________________________ gnucash-user mailing list [8][email protected] To update your subscription preferences or to unsubscribe: [9]https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see [10]https://wiki.gnucash.org/wiki/M ailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All. References 1. mailto:[email protected] 2. mailto:[email protected] 3. mailto:[email protected] 4. http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html 5. mailto:[email protected] 6. https://lists.gnucash.org/mailman/listinfo/gnucash-user 7. https://wiki.gnucash.org/wiki/Mailing_Lists 8. mailto:[email protected] 9. https://lists.gnucash.org/mailman/listinfo/gnucash-user 10. https://wiki.gnucash.org/wiki/Mailing_Lists _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
