On 12/6/2023 8:40 PM, Adrien Monteleone via gnucash-user wrote:
The amount owed stays in AR.
Who owes it is what changes.
Look, this isn't really about gnucash. And selling of A/R is far from
unusual. But a list helping people use gnucash isn't the place to
discuss "factoring" from scratch.
On Thu, Dec 07, 2023 at 01:01:27AM +, Morgan Read wrote:
> Hi Andrew,
Hey. :)
> 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
The amount owed stays in AR.
Who owes it is what changes.
How you do that is not specific to GnuCash.
You will likely have to employ intermediary accounts, but what those
should be, are up to you and your needs/requirements. Perhaps ask a
local CPA.
Regards,
Adrien
On 12/6/23 7:01 PM,
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
Sorry Morgan, I didn't mean to exasperate you.
What I meant by 'How would you do this on paper?', was, "Using Pen and
Ink, How would you record this according to standard Accounting rules?"
If you can do it with pen and ink, you can likely do it with GnuCash.
So the question, for this list,
On Tue, Dec 05, 2023 at 04:19:01PM +, Morgan Read via gnucash-user wrote:
> Thanks Adrian,
>
> All I'm attempting to discover is how - in gnucash - can I use what is owned
> by somebodyA to pay off what is owed by somebodyB? What is the procedure
> for using what is owed by one person to
Thanks Adrian,
All I'm attempting to discover is how - in gnucash - can I use what is
owned by somebodyA to pay off what is owed by somebodyB? What is the
procedure for using what is owed by one person to relieve another of the
debt they owe?
On paper, I would take the invoice to
I'm not sure that adds much clarity.
Your initial description appeared to be that you had two business
entities and you were transferring old debts owed to the first entity,
to a new one - where you control/own both.
Now it appears that you are 'selling a debt' owed by one entity, to
This is a follow up, with - I hope - a bit more precision and clarity -
to this post:
https://lists.gnucash.org/pipermail/gnucash-user/2023-August/108615.html
I wish to sell an unpaid invoice made out to business A (old debtor) to
another business B at face value - I raise an invoice to
