Thank you David! Yes, our partnership is in CASH accounting (not accrual). That's why I was hesitant to track "accounts receivable" (cash I should be getting but haven't received yet) as "income"... I don't want to have to worry about the Profit/Loss being inaccurate at tax time if the time between the income materializing and the debt expensing crosses the yearly boundary.
Though I guess there isn't a much better way to do it, seeing as it has to be balanced against SOMETHING (basically Equity is the other option), which would still make it look like my net worth includes this money I haven't collected... I'm currently leaning towards not tracking it with GNUCash at all (keeping track on my rent roll instead). When I look at "income" for the year, I want to know how much money I for-real received. :) -- 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.
