Finance wrote: > Basic accounting: > > When booking Invoice you actually tell the system: > > PhoneCosts debit > Prepaid tax debit > AP credit > > > When u PAY the invoice, you actually tell the system: > AP debit > Bank (or cash) credit. > > > Now as long as the invoice is in A/P (unpaid) it is a liability. > > Am I making this any clearer?
Not really, but thanks for trying. But judging from how sql-ledger behaves and the reply from Mark, the short answer is that it is supposed to stay on the balance sheet as a liability, similar to how AP is the sum of everything paid (as far as I can see). The incoming tax has the opposite sign (negative), however. I'm pretty sure it will dawn on me in the end. For now, I guess I will just accept it until I get an indication that something is wrong. -- Mvh, Marius Kjeldahl
