I'm converting from quickbooks. In quickbooks, it was super simple to have a 'cash basis' system, and still keep track of the monies owed using things like invoices and accounts receivable. In the US, business smaller than a certain size can be on a cash basis. My businesses have been cash based for about 20 years now, and QuickBooks has handled it nicely.
The only time it matters for me is for my taxes. I need a balance sheet for a cash business, as well as a P&L that omits A/R and A/P from any consideration of profits or loss to comply with the US Tax code's definition for such things for businesses that are on a cash basis. Warner _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
