See https://bugs.gnucash.org/show_bug.cgi?id=95700
-derek On Thu, June 17, 2021 7:07 pm, GrantSRobertson wrote: > When entering a customer invoice, it appears that the only balancing > accounts > (the non-Accounts-Receivable accounts) GnuCash will allow one to choose > from > are income accounts and certain, non-special, liability accounts. > Normally, > this would be just fine for a business accounting system because > businesses > accrue their income when it is earned. However, individuals (such as > freelancers) accrue their income only after it is paid. Therefore, if I am > not paid for months (it happens), then all my tax calculations will be off > because I will be paying taxes on income earned (the business way) instead > of only on income paid (the individual's way). > > If I had complete control, I would assign an Equity:Pending_Income account > as the balancing account, to show that I had "equity" but not income, up > until the time I actually get paid. Then, after I get paid, I would > manually > transfer that money from that special Equity:Pending_Income account to an > appropriate income account. I recognize that when applying a payment to a > customer invoice, the only ledger entries made are the transfer from the > Assets:Accounts-Receivable account to the Assets:Whatever_Banking_Account > account. So, any other transfers/ledger-entries would need to be made by > hand. > > However, because the above is not possible, I am looking for other > alternatives. > > My first thought is to simply introduce another level to the income > accounts > hierarchy. Something like: > > Income:Pending > Income:Paid (placeholder) > :<all the other accounts normally under income> > > I would still have to manually create a separate ledger entry to transfer > money from the Income:Pending account to the actual income account it > belongs in. > > And, I would then have to figure out how to generate reports that ONLY > reported income from under the Income:Paid placeholder parent account. > Would > that be too very difficult? Or would I just be creating an ever-increasing > amount of compounding complexity to my accounting workflow? > > In the end, it seems GnuCash is not really designed for freelancers yet. > All > assumptions are that one is operating as a business with paid employees. > It > seems to me, to achieve the most flexibility, GnuCash should allow users > to > custom configure the behavior of the invoice and payment features, to > allow > us to automatically do whatever transfers and ledger entries we see fit to > achieve the intended goal. > > > > -- > 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. > -- Derek Atkins 617-623-3745 de...@ihtfp.com www.ihtfp.com Computer and Internet Security Consultant _______________________________________________ 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.
