On Thursday, 8 March 2018 06:38:23 GMT H0wdy wrote: > Hello everyone, > > > I do invoices throughout the year and have the income go to > income:sales. However, I don't necessarily get paid in full for the > invoices, so at the end of the year, I cannot look in income:sales to > determine how much taxable income I report, because it would include how > much I'm owed also. > > > As such, what is the best way to find out how much taxable income I make > per year to report on my taxes? >
Hi, This is the difference between "accruals" accounting and "cash" accounting. Basically, GC's invoice module uses accruals - the tax is calculated based on when you create the invoice, not when you are paid. As a thought, you could look at total Income:sales, then (manually) deduct the balance of the A/R account on your reporting date - so if you have written an invoice for say £100, but only had partial payment of £75, sales should show £100 and A/R still show £25 as owing. HTH, Maf. _______________________________________________ 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.
