Re: [Ledger-smb-users] Closing an invoice even when it doesn't want to be.

2007-04-30 Thread Chris Travers
It is a contra income account because presumably you are using it to adjust your income figures down by the forgiven pennies. People also use contra income accounts for early payment discounts, for example. Look at it from a semantic clarity perspective: If you use an expense account, you are say

Re: [Ledger-smb-users] Closing an invoice even when it doesn't want to be.

2007-04-30 Thread richard
Quoting Ed W <[EMAIL PROTECTED]>: > Can you perhaps explain how the "type" of account alters how the ledger > gets handled? I think I might have used an asset or liability account > for my penny tracker, but I guess this is incorrect and means that my > income statement is not going to show it as

Re: [Ledger-smb-users] Closing an invoice even when it doesn't want to be.

2007-04-30 Thread Ed W
Chris Travers wrote: > Create a contra-income account for tracking the penny and pay against > that account. > Hmm, our emails crossed. Can you perhaps explain how the "type" of account alters how the ledger gets handled? I think I might have used an asset or liability account for my penny

Re: [Ledger-smb-users] Closing an invoice even when it doesn't want to be.

2007-04-30 Thread Ed W
Hi > I have a scenario which I'm not sure how to handle in LedgerSMB. > > I have an customer invoice which is settled, but is a penny out. The > customer's accounting system has a rounding error (these things get > everywhere), and basically they are paying me £0.01 less than this > particu

Re: [Ledger-smb-users] Closing an invoice even when it doesn't want to be.

2007-04-28 Thread richard
Thanks Chris; everything seems in order now. Onwards and sideways! Cheers, Richard Quoting Chris Travers <[EMAIL PROTECTED]>: > Create a contra-income account for tracking the penny and pay against > that account. > > We may want to automate this process as time goes by. > > Best Wishes, > Chr

Re: [Ledger-smb-users] Closing an invoice even when it doesn't want to be.

2007-04-28 Thread Chris Travers
Create a contra-income account for tracking the penny and pay against that account. We may want to automate this process as time goes by. Best Wishes, Chris Travers On 4/28/07, [EMAIL PROTECTED] <[EMAIL PROTECTED]> wrote: > HI all, > > I have a scenario which I'm not sure how to handle in Ledger

[Ledger-smb-users] Closing an invoice even when it doesn't want to be.

2007-04-28 Thread richard
HI all, I have a scenario which I'm not sure how to handle in LedgerSMB. I have an customer invoice which is settled, but is a penny out. The customer's accounting system has a rounding error (these things get everywhere), and basically they are paying me £0.01 less than this particular in