Hello Howard I agree with both Michaels - you need to understand the difference between accounting records & reports prepared on an accruals basis vs a cash basis. You should do some reading on basic accounting. GNUCash used for business uses the accrual basis - (invoices are registered in accounts receivable, bills are registered in accounts payable). Depending on the number of invoices & bills involved, you may find that you need to develop your own cash report on a spreadsheet. Some of these links may be of help to you: [1]https://www.accountingtools.com/articles/how-to-convert-accrual-basi s-to-cash-basis-accounting.html [2]https://www.bookstime.com/articles/accrual-to-cash-conversion [3]https://www.double-entry-bookkeeping.com/bookkeeping-basics/accrual- to-cash-conversion-excel-worksheet/ GNUCash is excellent software (a big thank you to the developers!) and you can get more understanding of basic accounting and using the business features by referring to the Tutorial & Concepts guide: [4]https://www.gnucash.org/viewdoc.phtml?rev=4&lang=C&doc=guide I hope that is of some help to you Cheers Alan
On 1/6/21 12:42 am, Michael Hendry wrote: On 31 May 2021, at 15:10, Howard M. Fried [5]<cursor...@gmail.com> wrote: I have several invoices that were issued in 2020 but paid in 2021. These funds a re not included in a P&L report for 2021, apparently because the report is based on date of invoice issue, or have I missed something. Is it possible to get the 2020 Sales that were paid in 2021 into the report for 2021? Simply extending the Report date range backward is not a solution because many invoices that were issued and paid in 2020 will be included. Or am I to i nclude unrealized assets for 2020 as profit, like the P&L report does (I have no accounting, financial, or legal experience in such matters). Thank you for considering, Howard Fried Not an accountant either, Howard, but I believe the approach varies according to whether your books are kept on a cash or an accrual basis. If cash, then reports are based on the date when you received income, or the dat e you made a payment for expenses. I don’t use the business features, but I think that you will be working on an ac crual basis, and have reports on Accounts Receivable and Accounts Payable which carry over the end of the financial year. Michael _______________________________________________ gnucash-user mailing list [6]gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: [7]https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see [8]https://wiki.gnucash.org/wiki/Ma iling_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. References 1. https://www.accountingtools.com/articles/how-to-convert-accrual-basis-to-cash-basis-accounting.html 2. https://www.bookstime.com/articles/accrual-to-cash-conversion 3. https://www.double-entry-bookkeeping.com/bookkeeping-basics/accrual-to-cash-conversion-excel-worksheet/ 4. https://www.gnucash.org/viewdoc.phtml?rev=4&lang=C&doc=guide 5. mailto:cursor...@gmail.com 6. mailto:gnucash-user@gnucash.org 7. https://lists.gnucash.org/mailman/listinfo/gnucash-user 8. https://wiki.gnucash.org/wiki/Mailing_Lists _______________________________________________ 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.
