Roger, You are correct.
Ideally, that overpayment should instead be held as a liability in the form of ‘customer deposits’ but I suppose that would have complicated the code. A reverse balanced AR is technically a liability, not an asset. When I encounter such a situation, I set a scheduled transaction for 30 days ahead. When that transaction fires for my approval, I check to see if the Customer Report still shows the credit balance. If so, I use the SX to move the funds from AR to Liability:Customer Deposits which I’ll use as a payment method on their next invoice when that happens. Regards, Adrien > On Jan 29, 2018, at 2:50 PM, rmom...@gmail.com wrote: > > When a customer pays more than the amount due on an invoice that balance > appears in the receive payment window the next time there is an invoice to > pay. In which account is that balance stored? I suspect it is kept in > receivables. Is that correct? > > > > Trying to figure out a way to keep track of what portion of the balance in > the checking and cash accounts are advance payments. > > > > Thanks, > > Roger > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > 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 To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
