It is a discount, but the issue is:
1. It's multiple invoices to the same client
2. I want to create a new, final invoice that summarizes the expenses
that will be reimbursed and the actual services being paid for. Two
different amounts on a single invoice, with a single total(but
separating
On 3/9/21 12:21 PM, Daffy Duck wrote:
Ok, I think I have it working now.
So, the better way to look at the discounted situation in my case was
"renegotiated accounts" because I want to pay expenses prior to income.
Not sure I'm following here. Let's take this one step at a time.
First, I
Ok, I think I have it working now.
So, the better way to look at the discounted situation in my case was
"renegotiated accounts" because I want to pay expenses prior to income.
So, I created a new asset account called "renegotiated accounts" and
paid the outstanding invoices for this individual
Apologies. AFDA will have to go somewhere else under Assets then. It
should show up after moving it.
Regards,
Adrien
On 3/8/21 9:05 PM, Daffy Duck wrote:
Ok, maybe that is the issue.
AFDA is not listed under transfer accounts. Both AR and AFDA are not
listed.
Ok, maybe that is the issue.
AFDA is not listed under transfer accounts. Both AR and AFDA are not
listed.
?
On Mon, 2021-03-08 at 20:55 -0600, Adrien Monteleone wrote:
> Sorry if I wasn't clear.
>
> At first, there should be no transactions in that account.
>
> Go to Business > Customer >
Sorry if I wasn't clear.
At first, there should be no transactions in that account.
Go to Business > Customer > Process Payment.
Enter the customer in the search field at the top.
You'll see the invoice that you need to close out, select it.
Put in the appropriate date, and the amount you
Hi,
Thanks.
"For Bad Debts, set up an account called "Allowance for Doubtful
> Accounts" as a child of AR. (be sure to make this of type 'Asset')
>
> You can then 'pay' the invoice using this account as the source.
>
> This will cause the invoice to be closed by GnuCash and it will be
>
Mar 2021 16:53:56 -0600 (CST)
> > From: David Cousens
> > To: gnucash-user@gnucash.org
> > Subject: Re: [GNC] Best way to close unpaid invoices?
> > Message-ID: <1615157636594-0.p...@n4.nabble.com>
> > Content-Type: text/plain; charset=us-ascii
> >
> >
Fair comment Adrien.
On Tue, 9 Mar. 2021, 2:55 am Adrien Monteleone, <
adrien.montele...@lusfiber.net> wrote:
> You should refrain from making manual entries or edits in AR/AP. It
> isn't that you can't or that anything will blow up, but you may forget
> that the Business Features will not see
Adrien,
On Mon, March 8, 2021 10:54 am, Adrien Monteleone wrote:
> You should refrain from making manual entries or edits in AR/AP. It
> isn't that you can't or that anything will blow up, but you may forget
> that the Business Features will not see those edits/transactions where
> you might
You should refrain from making manual entries or edits in AR/AP. It
isn't that you can't or that anything will blow up, but you may forget
that the Business Features will not see those edits/transactions where
you might expect them to.
If you really need to make manual edits/entries, create
*note* none of the below is accounting or tax advice, but how to use
GnuCash to accomplish the goal of 'clearing' the invoices while
following general accounting practices.
Here's how to handle both using the Business Features so GnuCash sorts
everything properly and can 'see' what you are
Hi David, nice to see the documented method of writing off bad debts.
However it seems hackish. It would be good to formalise the methods via a
menu item or toolbar button.
Similarly, processing refunds is currently done afaiu via credit notes.
Numerically it's fine, but does it pass the tax
, how does one make them disappear?
--
Message: 7
Date: Sun, 7 Mar 2021 16:53:56 -0600 (CST)
From: David Cousens [1]
To: [2]gnucash-user@gnucash.org
Subject: Re: [GNC] Best way to close unpaid invoices?
Message-ID: [3]<1615157636594-0.p...@n4.nabble.com>
Conten
;
> Message: 7
> Date: Sun, 7 Mar 2021 16:53:56 -0600 (CST)
> From: David Cousens
> To: gnucash-user@gnucash.org
> Subject: Re: [GNC] Best way to close unpaid invoices?
> Message-ID: <1615157636594-0.p...@n4.nabble.com>
> Content-Type: text/plain; charset=us-ascii
>
My description of the process has been from an accounting perspective.
According to the Help Manual GnuCash cannot process the write off as a
payment in the simple manner of a manual transaction entry as I described it
because the accounts in the payment logic are restricted and the use of lots
David,
So if I add an entry in bad debt for
$500 from expense, transfer from assets:accounts receiveable
can I "assign" it to the specific invoice, or no?
On Sun, 2021-03-07 at 19:16 -0600, Daffy Duck wrote:
> David,
>
> Thank you. I realized what was happening from an accounting
>
David,
Thank you. I realized what was happening from an accounting
perspective, but I was wondering if I can do anything that addresses
the reference in due invoices reminder?
On Sun, 2021-03-07 at 16:53 -0600, David Cousens wrote:
> There is no need to zero out the invoice. It remains as it
There is no need to zero out the invoice. It remains as it originally was and
the debt remains on the books. What the debt write off does is correct your
income for the amount of income you expected to but didn't receive and
adjusts the accounts receivable to reflect that you do not expect to
I'm having a little trouble with this one.
For the "Bad Debts" one, I created expense - bad debts
I then added, in this case, $500(which they owe me $500) under Bad
Debts - expense
I then, to close out the invoice, applied it as payment to the invoice,
but then it switches over to rebate?
I
Thanks to you and Ron!
On Sat, 2021-03-06 at 23:56 -0600, David Cousens wrote:
> The methodology is a little different for each case.
>
> Where they have not paid the full amount of the invoice without your
> acquiesence, then you would generally regard the unpaid amount as a
> bad
> debt. In a
The methodology is a little different for each case.
Where they have not paid the full amount of the invoice without your
acquiesence, then you would generally regard the unpaid amount as a bad
debt. In a direct write off, you would create an "Expense:Bad Debts"
account and you would credit the
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