I normally re-post invoices to the 1st of the year if not paid before, and any bills that are due and paid after the year end I also post to the 1st. Rarely do I find something that needs to be moved the other direction (although it is possible, I just can’t think of an instance off hand).
The date opened and the dates on the entries of the invoices/bills can still remain attached to reality, only the posting dates need to be fiddled with. The method in the wiki works if you are really good at keeping A/P and A/R correct and up to date. i.e. never receive payment without assigning it to an invoice or properly categorizing the split, and never pay a bill without linking the payment to the bill. In an ideal world that works all the time. Just not in my experience. > On Jan 4, 2022, at 5:23 PM, Don Gray <[email protected]> wrote: > > For 2021 year end account I need to generate a profit/loss report. No problem > as a standard report exists. > > The problem stems from the report being off by several thousand dollars as > I’ve posted invoices but not received the payments. > > Searching the internet I found > https://wiki.gnucash.org/wiki/Cash_Based_Accounting > <https://wiki.gnucash.org/wiki/Cash_Based_Accounting>. Is this still the > current way of handling Cash basis accounting? > > Don > _______________________________________________ > 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. _______________________________________________ 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.
