On Wed, 28 Jul 2021 at 21:34, flywire <[email protected]> wrote: > GST is automated for accrual accounting but not for cash accounting.
Thanks! The devil is in the details so may I confirm this with you: - We record expenses at the moment of payment since most are purchased online, invoiced, and paid at the same time. - But regarding income, we always invoice customers first, and record receivable when doing the invoicing. I know how to make an invoice with GnuCash and how to do a transaction between the receivable asset and current asset later. Does this make my company accrual accounting or cash accounting? Is the GST handling still an issue for us in this case? _______________________________________________ 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.
