The balancing account for all your opening balances should be an Equity:Opening Balances account. You can create sub-accounts of this if you need to separate different classes of opening balances. The customer invoices would have entries of the form:
Assets:Accounts Receivable Dr xxxx Equity:Opening Balances:A/R Cr xxxx (instead of the income account) and for vendors Liabilities:Accounts Payable Cr yyyy Equity:Opening Balances:A/P Dr yyyy (instead of an expense account) When your customer pays zzz off their outstanding invoice you would pay it against the invoice raised Open the invoice used above above to create the opening balances and use then use the Pay option and it should create the following entries or equivalent: Assets:Bank:Checking Dr zzz Assets:Accounts Receivable Cr zzzz You should have no need to raise a credit note to record the payment of the outstanding invoice. Payments can be partial and not completely pay off the invoice. David Cousens ----- David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list [email protected] 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.
