Adrien, On Mon, March 8, 2021 10:54 am, Adrien Monteleone wrote: > You should refrain from making manual entries or edits in AR/AP. It > isn't that you can't or that anything will blow up, but you may forget > that the Business Features will not see those edits/transactions where > you might expect them to. > > If you really need to make manual edits/entries, create an 'Other AR/AP' > account, as a child of the main account, and make sure it is of type > 'Asset/Liability' and *not* of type 'AR/AP'. (there can be only 1 of > each of those) > > With the method listed below, the Business Features (and their reports) > 'think' the customer paid when they did not.
I would suggest that the method Alan used below is EXACTLY the RIGHT thing to do, and indeed it's exactly how I would (and have) handled bad debts in the past. Manual adjustment of payment transactions is explicitly allowed, so long as you don't change the split tied to the AR/AP account. But changing the transfer account from Cash to Expenses:Bad Debt, or even splitting the Cash split like Alan did, is perfectly acceptable. > See my other reply describing how to close these out properly in GnuCash. -derek > Regards, > Adrien > > On 3/8/21 2:33 AM, Alan Hopkins wrote: >> 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! > > _______________________________________________ > 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. > -- Derek Atkins 617-623-3745 [email protected] www.ihtfp.com Computer and Internet Security Consultant _______________________________________________ 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.
