Hi Andrew, Many thanks for coming back.
I think perhaps that in an attempt at brevity, I assumed too much in my example and perhaps wasn't as clear as I might have been. There are three entities in my example, but in yours there are 5. Perhaps the confusion arises because the 'I' in my example is an active party, whereas the 'you' in yours seems to be a passive observer.
I thought it might help to fill in some of the gaps in my example - there may be well be more:- 1/ Two shoe boxes - one marked 'invoices due' the other marked 'invoices not due'; 2/ Three entities - 'I', Entity-A for whom I do work and Entity-B to whom I sell the right to collect the debt for the work done for Entity-A; 3/ Two invoices - my (I's) invoice to Entity-A (Invoice-A) for the work done and my (I's) invoice to Entity-B for the sale of the right to collect the above debt; 4/ Invoice-A is generated on the completion of the work for Entity-A, and placed in the shoe box marked 'invoices due'; 5/ Invoice-B is generated on the sale of right to collect the debt to Entity-B; 6a/ On the generation of Invoice-B a copy is stapled to Invoice-A to represent the discharge of the right to collect the debt on Invoice-A and its transfer to Invoice-B - and placed in the shoe box marked 'invoices not due';
6b/ Invoice-B is placed in the shoe box marked 'invoices due'In gnucash, I imagine that the transfer of Invoice-A from shoe box 'invoices due' to shoe box 'invoices not due' is represented by a transfer from Accounts Receivable to somewhere else - but, I'm not sure where. To keep it simple, the right to collect is not sold at a discount.
So, the question is - how do I effect 1 to 6 above in gnucash, bearing in mind that some things may have been missed and I'm not sure where the transfer from Accounts Receivable might go?
The right to collect on an invoice is sold to debt collectors all the time - I'm just a bit surprised there isn't a straight forward answer to representing that transaction in gnucash.
Many thanks. M On 06/12/2023 12:48 am, AP wrote:
On Tue, Dec 05, 2023 at 04:19:01PM +0000, Morgan Read via gnucash-user wrote:
...
So wouldn't this be: * you have an invoiceX from CompanyA to CompanyD * CompanyY creates invoiceY referencing invoiceX to CompanyB * CompanyB pays CompanyA for invoiceY thus acquiring invoiceX * CompanyB creates invoiceZ referencing invoiceX (that it now owns) to CompanyD End result should be CompanyA's books being balanced and CompanyD's books being unbalanced to the tune of invoiceX and thus requiring payment from CompanyD to balance.
... -- Morgan Read Grande Bretagne Em: <email:mstuffATreadDOTorgDOTnz>
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