I am just getting started with GnuCash (should have done so long ago...) and my main occupation these days is farming. I've been using a simple cash accounting system all of these years and I am able to configure my accounting in GnuCash to get an even more realistic view of my finances as time goes on. Thank you! In the future, i.e. next year, I will be taking on the role of treasurer for our church which is the principal reason I started with my personal finances so as to gain familiarity with GnuCash.
One thing I have done for years is enter into a deferred payment contract with the cooperative that buys my grain. In general the grain is sold as of a given date with payment at some future specified date. In my case I generally defer payment until the beginning of the coming calendar year. What this represents, at least to me, is a transfer of the title of my asset (grain) to the cooperative immediately and then sometime in the future a payment from the cooperative for my asset. Other than my copies of the contract(s), I've not tracked this in any way, which I would now like to do. At first I thought of structuring this as an Account Receivable but skimming through that section of the manual, it doesn't look like quite the right fit. As I see it, I have a sort of promissory note that doesn't pay interest, if that makes any sense, that in early January will be paid by the cooperative. It is future income but I don't want it listed as such until next year. Of course, I could always let it ride until the funds are deposited in a couple of months. TIA - Nate -- "The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true." Web: https://www.n0nb.us Projects: https://github.com/N0NB GPG fingerprint: 82D6 4F6B 0E67 CD41 F689 BBA6 FB2C 5130 D55A 8819
signature.asc
Description: PGP signature
_______________________________________________ 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.
