On 9/2/2023 8:58 AM, Morgan Read wrote:
Follow up to:
https://lists.gnucash.org/pipermail/gnucash-user/2023-August/108616.html
And, apologies again for not following up until after the month has
rolled over...
Assume this is the year 1950 and so you are keeping your books the
way they did back then, pen and ink on accounting ruled paper. How
would you record this transaction? Assuming you had that clearly laid
out, what difficulties are you having doing that using gnucash...
Michael, there's a lot of assumption in there...
Whenever I do this (refer to knowing how the transaction would be
entered back in the days of pen and ink on paper) it is because
essentially all that gnucash is doing is automating parts of that
process (and allowing "journal less entry" (aka "cashbook") for all
accounts as long as the transaction only involves two accounts**). In
other words, if you haven't a clue what it would look like "pen and ink
on paper" (what accounts involved, which debit, which credit, etc.) then
you don't have a gnucash problem as much as an accounting/bookkeeping
problem.
In your case, a bit more complex since involving invoices/receivables,
but you know, they were doing that back in the days of pen and ink on
paper.
Michael D Novack
** when more than two accounts and you enter the transaction as "split"
you ARE creating the transaction entry in the (virtual) journal and when
you hit "enter" (finish this transaction) you are "posting" this journal
entry to the ledger accounts. Mind, the similarity is less obvious to
those of you who didn't learn bookkeeping in the days of pen and ink on
paper.
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