On 8/3/2019 6:16 AM, Liz wrote:
On Wed, 31 Jul 2019 09:10:02 -0700 (PDT)
Rich Shepard <rshep...@appl-ecosys.com> wrote:
Would be nice to have a cash accounting option in addition to the
default accrual accounting option.
Whether a business uses cash or accrual accounting in Australia is set
by the tax authorities, so I am obliged to use cash accounting.
This is a common situation in many jurisdictions with certain sorts of
businesses required to use either cash of accrual. The difficulty is
that gnucash does not support PRODUCING invoices for cash based << in
other words, simply producing an invoice but NOT entering transaction to
A/R and income >>
That's why I am mentioning "multiple books". If I had to produce
invoices, it is what I would do. Set up a virtual entity associated with
the actual entity. This virtual entity would be "accrual" and so have
A/R and income and it would produce the invoices to be sent out (and
track which paid, which outstanding) but the A/R and income would
otherwise be ignored << when invoice paid, a transaction in the main
(cash books affecting cash and income >>
Michael D Novack
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