Morgan, This is not really either an accounting or Gnucash specific issue but a legal issue. Companies are separate legal entities. How you do it will be determined by the legal position under the law in your jurisdiction. Companies do sell uncollected debts to collection companies in many jurisdictions so it should be possible in principle. Suggest you get the legalities sorted first with a lawyer and then seek advice of a local accountant. That will ensure you comply with the legal requirements which will then determine how to record them.
David Cousens On Mon, 2023-08-28 at 14:09 +0100, Morgan Read via gnucash-user wrote: > Hello Folks, > > I have a conundrum - I have historic unpaid invoices in one business and > would like to transfer them to another business. Both conceptually, how > should I go about this, and practically how should I go about this with > two sets of gnucash accounts? > > I thought of issuing credit notes against the invoices in the business > I'm transferring from and then reissue them in the business I'm > transferring to - but, then that might let the recalcitrant debtors off > the hook. > > It seems like I'm selling the debt to the new business - so, similar to > selling the invoices to a debt collection service, perhaps? That would > mean issuing new invoices from the old business to the new business - > but then, what are the new invoices for, the old invoices... > > This makes my head hurt; it must have been done before. > > Many thanks. > -- > Morgan Read > > Grande Bretagne > Em: <email:mstuffATreadDOTorgDOTnz> > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > 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 ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
