The GnuCash business features were built for Accrual accounting. The corresponding reports were built accordingly.
For a cash-basis operation you have two work arounds as options: #1 - don’t post invoices until they are paid. (thus they won’t hit Income, but they also won’t hit AR) #2 - create an Income:Sales:Collected or similar account. After receiving a payment, do a transfer from the regular sales account to this account. When you run the Income Statement, only include the ‘Collected’ account. Regards, Adrien > On Oct 1, 2019 w40d274, at 10:15 AM, Fran_3 via gnucash-user > <gnucash-user@gnucash.org> wrote: > > Sorry for the flurry of questions but I should be done with project in a few > days. > When I run.. Reports > Income & Expenses > Income Statementfor a given period > and then selectOptions > Accounts > Sales > ApplyI get total "Sales" for that > period weather they are paid or not. > I need to know how much money was actually collected from sales during that > period as our small business is accounted for on a "Cash" basis as apposed to > an "Accrual" basis. > How can I do this? > Thanks for any help. > PS - I considered this process... > - running the Income Statement for the period (last year)- this gives me > Total Sales for Last Year no matter weather paid or unpaid... right? > - then runningReports > Business > Receivable Aging > Options > End of Last > Year- that should give me how much money was owed us and unpaid at the End of > Last Year- I would then rerun the Receivable Aging Report usingOptions > End > of year before Last Year- Now if I subtract Receivables at the end of Last > Year from Receivables at the end the year before that I will get the amount > owed us and not paid for Last Years sales... right? > - Then I could subtract that from last years sales to get total paid sales > last yearor is their a more simple way to do this? _______________________________________________ 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.
