Michael,
I have a sole professional services consulting practice, B2B, with
clients.
No product sales. My approach to cash accounting has worked for me for
more
than two decades; it might not work as well for others.
Regards,
Rich
I understood what you were doing worked for you. I was
On Thu, 6 Jan 2022, Michael or Penny Novack wrote:
But somebody who like Rich is invoicing "clients" is perhaps not doing
sales but a service and only needs "income from clients" on a cash basis.
Could do that by having a contra account (usually zero) with a name like
"client income not yet
On 1/6/2022 3:02 PM, Rich Shepard wrote:
On Thu, 6 Jan 2022, R. Victor Klassen wrote:
The only problem being if you want to send the invoice to your customer,
it says “invoice in progress”.
Since I don't use GC to prepare client invoices it's not an issue for
me. I
use LaTeX for invoices.
On Thu, 6 Jan 2022, R. Victor Klassen wrote:
The only problem being if you want to send the invoice to your customer,
it says “invoice in progress”.
Since I don't use GC to prepare client invoices it's not an issue for me. I
use LaTeX for invoices.
Rich
The only problem being if you want to send the invoice to your customer, it
says “invoice in progress”.
So I do find myself posting, printing, unposting (only around the end of the
year) and re-posting as necessary.
> On Jan 6, 2022, at 9:50 AM, Don Gray wrote:
>
> Rich and Victor,
>
>>
Rich and Victor,
> What I do, on the advice of my previous accountant who's now retired, is not
> to enter an A/P or A/R invoice until payment is made or received,
> respectively. That way what you see is what you have.
Simple solution - I unposted the invoices which removed them from the
On Tue, 4 Jan 2022, Don Gray wrote:
The problem stems from the report being off by several thousand dollars as
I’ve posted invoices but not received the payments.
Don,
What I do, on the advice of my previous accountant who's now retired, is not
to enter an A/P or A/R invoice until payment is
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).
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
