Michael,
Thanks for your help on understanding on how things work. I think I
understand now. Also thanks for the work around.
On 12/16/24 17:59, Michael or Penny Novack via gnucash-user wrote:
What I would like the report to show is on deposits rather than
accounts receivable show I would like the Dues account to show or the
appropriate income transfer account.
Ah, you have run into the difficulty of using stuff intended for
"accrual basis accounting", but like many orgs you want to record dues
"cash basis accounting". I believe the only reason you are not seeing
this on the other side (when paying bills) is that you are not
entering them as expenses when received (accounts payable). If I
understand, you want to be able to invoice members but NOT consider
dues income until actually received << proper; dues are NOT legally
receivable when invoiced, renewing membership is voluntary >>
Suggestion --- review the tutorial with regard to the difference
between "accrual basis" and "cash basis" accounting. Only when you
have some understanding of that can I help you with possible work
arounds << to be able to produce invoices for dues but NOT be on
"accrual basis" >> When you think you understand, you'll know what you
will be asking for, and I'll be able to help*.
Also to have credit and debt swapped. Not having accounting
background I'm sure it is something I need to do or setup. If you
can point me in the right direction I would be appreciated.
Did you mean "debit"? LOL, a debit in your books is the opposite of
your debt. Came from Latin "he owes" (me)
The bank account in your organizational books is the opposite of that
bank account in the bank's books. On YOUR books a "debit" means the
bank owes you that money. On the bank's books they owe you that money:
"credit" again from Latin "he trusts" (you). Latin because double
entry bookkeeping is that old educated Europeans communicated in it if
otherwise speaking different languages.
Debit is always to the left, credit to the right. In OLD FASHIONED
ledger books, left hand page and right hand page.
Michael D Novack
* If you are not doing accrual basis books (most orgs use cash basis)
you can set up a second set of books not used to enter transactions,
just to generate invoices for dues/memberships/etc. That' the EASIEST
workaround
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