I'm not very familiar with the Business functions of GnuCash and have
been experimenting with them. I'm looking for a "best practice" and how
to accomplish this in GNC:
I am treasurer for a non-profit PTA. We issued a grant to the school.
Over time the school would use the grant and I would make payments to
the school. At the end of the year, the school did not use the entire
grant.
I first created a Vendor (the school) and a Bill (as if we owed the
school) for the amount of the grant. Each month, I would make a payment
on this bill as the school used our grant money. I did this so we could
show the entire amount of the Grant as an Accounts Payable and thus not
accidentally use the money during the year on other things.
I am stumped how to end this scenario. The school will not use the
entire grant. I imagine this is similar to a scenario where I owed
money to a vendor, but that vendor "wrote off" or discounted a portion
of my obligation after the original bill was issued. Should I un-post
and modify the original bill? Can I create a second bill with a
"refund" to offset the unused portion?
I would love to know how others handle this.
Thanks in advance,
Mike
_______________________________________________
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.
