On Wed, 13 Apr 2011, Rich Shepard wrote:

 In setting up L123 (and SL before it), I specified cash. Yet, I enter
vendor invoices when received even if I don't pay them until the end of the
month, and I enter a receivables transaction when I submit an invoice.
Balancing those transactions occur when I print payables checks and deposit
receivable checks so I suppose I actually use a hybrid method.

That's what I was doing as well. It worked fine until I ran into this year end sillyness.

Luke

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