I am no accountant, but it seems to me you could enter the invoiced
transactions for the future due date, not reconciled, update the date and
reconcile when paid, delete them or push them out when unpaid, possibly with a
late fee. Like paper books, the media should not constrain the accounting
Rich,
Do you use GST? GST doubles the number of transactions and is only
automated in business (accrual) accounting. This is demonstrated in a
recent example:
https://lists.gnucash.org/pipermail/gnucash-user/2021-July/097082.html
I don't use the business accounting features but at first glance te
Hi Steve,
I operate a sole proprietorship in the US in cash basis and have been using
GnuCash for many years. Perhaps 10 years? Of the few problems I've
encountered using GnuCash, its not explicitly supporting cash basis
accounting hasn't been one of them. However, my business is small, and I
ha
On Sat, 11 Sep 2021, Steve Morrow wrote:
I spent much of today evaluating GnuCash for use with my U.S. based small
business. I found it to be robust in its functions.
Unfortunately, it only supports the accrual accounting method (income and
expense recognized when invoiced or billed). My busi
Hi,
You are correct, the *business* features only account in accrual mode, not
cash. In MOST cases this is not an issue; you just need to be careful
around accounting-period boundaries.
And FYI, Steve, this is not a new issue:
https://bugs.gnucash.org/show_bug.cgi?id=95700
-derek
On Sun, Sept
Just £0.02 that came to mind upon reading your message, Steve.
If you are on Cash basis, then (strictly speaking) there is no need to ever
have A/P or A/R accounts and ageing in your books. If you want to create your
invoices in GC, have you considered trying a workflow whereby you do not post
I spent much of today evaluating GnuCash for use with my U.S. based small
business. I found it to be robust in its functions.
Unfortunately, it only supports the accrual accounting method (income and
expense recognized when invoiced or billed). My business uses cash
accounting method (income a
