The OLD day? We still have a couple of vendors like that. Happily for us accrual accounting is their problem.
Sent from my iPhone > On Oct 15, 2021, at 12:17 PM, Michael or Penny Novack > <stepbystepf...@comcast.net> wrote: > > Perhaps historical perspective might help, especially with businesses, > because might want to treat the same way as when invoices typically were like > this, except conditional on when paid. > > I have no idea how accrual treats this (would have treated this) when in the > old days a vendor might send an invoice like this: > > Immediate, 2% discount, 30 days net, else 1% per month. > > I am old enough to remember those days. Assuming the accrual system treated > the "30 days net" as normal, what was done if paid immediately? That closely > resembles the situation of credit card rebates on purchases. As to the > argument wanting to distribute to reduce all expenses paid during that > billing period, is that also being done in reverse with interest charges (if > any -- often a business credit card is not intended as a source of credit and > balance paid each month -- and SOME people ca manage that with their personal > credit cards too) > > > Michael D Novack > > > _______________________________________________ > 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. _______________________________________________ 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.
