On 9/22/2020 11:20 PM, doncram wrote:
About invoicing making GnuCash show assets (accounts receivable) when
the dues are billed (or pledges receivable), I don't see why that
would be much of a problem. Couldn't that be addressed by your
entering a journal entry to zero out the asset balance and reverse the
income recognized, whenever financial reports are to be issued, and
especially at the end of a reporting year?
If your organization only required ONE financial report a year, doing it
that way, adjusting "accrual" to cash" would perhaps be the least
onerous way to proceed.
But all the organizations for which I have been treasurer required MUCH
more frequent financial reports to be created. You are perhaps referring
to the YE reports used to fill out the forms submitted to governments.
And/or used for the annual financial report to the "membership".
To give you some examples:
One organization of which I was treasurer --- reports before each
quarterly board meeting. And pretty printed YE report to post on website
(actually use rougher form of YE for government forms as needing details
uninteresting to membership)
Another, running an event -- before each meeting of the event committee,
then a final filed with the national organization treasurer.
On organization of which I am not treasurer but on finance committee --
two major reports (pretty printed) one for membership annual meeting and
one for semi-annual meeting (as in the first case, probably using the
rougher form to fill out government forms). But also a report for every
monthly meeting of the finance committee.
Still think adjusting before each report a good idea? BTW, two of those
three examples "churches" << quotes because not Christian churches >>
Michael D Novack
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