Teresa GnuCash is explicitly double entry accounting.
When you create an invoice and Post it, it simultaneously creates a debit entry to the A/R account and a credit entry to a specified income account.When you create an invoice with The Business->Customer->New Invoice dialog, the New Invoice window allows you to enter the information required for the invoice and when you press next the invoice opens as a tab in the main window. As the debit entry to A/R is mandatory for an invoice, you do not have to explicity enter it. You will see a column, Income Account and on the open line a down arrow which allows you to select, the income account the credit entry will be made to. If you then enter the amounts in the remaining columns and post the invoice another dialog comes up which asks you for the Post To Account, again with a drop down list. If Assets:Accounts Receivable does not appear in the box by default, then you possibly haven't created the accounts necessary for the business features to work. You will have to cancel the Post dialog. Then select the Accounts tab in the main window, then select Actions->New Account Heirarchy from the Actions menu item. Click Next then select the currency to be used (your default book currency) and Next to get to the Choose accounts to create entry. If you hit the Clear All button and then check the box against the Business Accounts then hit Next it will add the business accounts required to your Account tree. If you then go back to the Invoice tab and Post it again, you should get Assets:Accounts Receivable appearing as the default account to post the invoice to. When you hit the OK button, it will create the debit and credit entries in the A/R account and the selected income account. Note the business features can also include sales tax/GST . You have to set up the appropriate tax tables for this to be usable. See the Help Manual https://www.gnucash.org/docs/v3/C/gnucash-help/chapter_busnss.html and Tutorial and Concepts https://www.gnucash.org/docs/v3/C/gnucash-guide/index.html guide entries for the Business features for more detail. The wiki also has some additional information: https://wiki.gnucash.org/wiki/GnuCash_Quick_Start_Guide_For_Business_Users https://wiki.gnucash.org/wiki/Business_Features_Issues David Cousens ----- David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ 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.
