Hi Caleb, all outstanding payments and receivables are collected in the A/R and A/P accounts. You distribute your income and expenses in the invoices and bills to the Income and Expense accounts.
You should see the A/R and A/P accounts as transitory payment accounts for the business functionality. Do not use them manually. Cheers, Christoph > Am 08.12.2017 um 15:52 schrieb Caleb Walker <ca...@calebwalker.net>: > > Thank you Mr. King for your response. My question is not about accounting > principles but more so how do I do that in GC. When I go to “Process > Payment” the only thing available to “Post To” is “Assets:Accounts > Receivable”. I cannot put anything else in there nor can I put multiple > accounts in there. Also in the “Transfer Account” section I can only choose > one account. However, in processing a payment it should normally debit a > cash account but having the freedom to debit or credit any account would be > useful. > > Then I went to create an invoice and in the "Invoice Entries” section I can > only select and Income Account in the “Income Account” column. I tried to > type in an equity account like “Equity:Opening Balances:Caleb Startup > Capital” and the program said that the account did not exist. > > I have followed these same examples in A/P as well to no avail. Is there a > config file I need to edit to allow me to get out of this “jail” where the > program is forcing me to shoe-horn my processes? I also cannot find a way to > do a “split transaction” yet. I am still looking though. > >> On Dec 8, 2017, at 1:11 AM, Maf. King <m...@chilwell.net> wrote: >> >> Hi Caleb, >> >> welcome to the list. Answers inline... >> >> On Thursday, 7 December 2017 17:56:18 GMT Caleb Walker wrote: >>> Hello All, >>> >>> I am trying to use GNUCash like I use Sage 100 understanding it is not as >>> full featured as Sage but might be ok with another business I am starting. >>> What I would like to do is make payments to something other than AP or >>> receive invoices to something other than AR. Is that possible? >> >> Yes. if a transaction isn't a AP purchase, why would you shoe-horn it into >> AP? EG. you buy something with cash. the transaction is Assets:CashOnHand >> -> >> Expenses:Whatever, which you can record perfectly easily in GC. >> >>> One >>> example, I made a payment to my landlord and part of it was a deposit which >>> I would like to go into an asset account and the other part is rent which >>> would go into an expense account. How do I do that with this software? >> >> You'd need a "split transaction", so £100 from Assets:Bank can be split to >> any >> other number of accounts - eg £30 to assets:landordDeposit, and £20 to >> Sales:tax and £50 to expenses:rent >> >>> Another example, I received cash into the account that I would like to tie >>> into an equity account to show owners startup capital. How do I easily get >>> the money over there? Thank you for your help >> >> Assets:Bank <- Equity:OwnerCapital:CalebWalker would be one way. >> >> I suggest you give an hour or two to the tutorial & concepts guide at some >> point which will cover these questions in more depth. See >> http://gnucash.org/viewdoc.phtml?doc=guide >> >> Good luck with your new venture. >> Maf. >> >> >>> >>> Caleb >>> _______________________________________________ >>> 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. >> >> >> -- >> Maf. King >> PGP Key fingerprint = 8D68 A91F 733B 2C1F 43B7 2B7C E591 E8E1 0DE7 C542 >> >> >> > > _______________________________________________ > 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. _______________________________________________ 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.
