Sounds like a lot of work. Would simply not posting the bills/invoices until
actually paid not accomplish the proper timing of when the transactions hit the
books? (yes, you do lose the ‘reminders’ feature in that case, but unless that
is critical, it is a small price for not having to maintain
On 8/3/2019 6:16 AM, Liz wrote:
On Wed, 31 Jul 2019 09:10:02 -0700 (PDT)
Rich Shepard wrote:
Would be nice to have a cash accounting option in addition to the
default accrual accounting option.
Whether a business uses cash or accrual accounting in Australia is set
by the tax authorities, so I
On Wed, 31 Jul 2019 09:10:02 -0700 (PDT)
Rich Shepard wrote:
> Would be nice to have a cash accounting option in addition to the
> default accrual accounting option.
Whether a business uses cash or accrual accounting in Australia is set
by the tax authorities, so I am obliged to use cash account
On Wed, 31 Jul 2019, Adrien Monteleone wrote:
I didn’t mean it like that.
Adrien,
Thank you. It is far too common with e-mail messages to be mis-read or
mis-interpreted. Non-verbal communication (body language and facial
expressions) have been reported to comprise about 60% of face-to-face
co
Sorry Rich,
I didn’t mean it like that.
Regards,
Adrien
> On Jul 31, 2019, at 12:03 PM, Rich Shepard wrote:
>
> On Wed, 31 Jul 2019, Adrien Monteleone wrote:
>
>> The type of service doesn’t matter. Certainly, there are professional
>> services who pre-bill and who use accrual instead of cash
On Wed, 31 Jul 2019, Derek Atkins wrote:
1) You'll need to manually back out your AR and AP to convert from Accrual
to Cash, or
Sorry, but that's where we are. Personally, I use option #1.
Derek,
I'm not an accountant but I know that each taxing authority has different
rules and requirement
On Wed, 31 Jul 2019, Derek Atkins wrote:
This is a question of Cash vs Accrual accounting. The business features
imply Accrual accounting, so yes, if you have Receivables that *is*
included in the Income Statement.
I've unposted pending receivables and will no longer post them until the
checks
Hi,
On Wed, July 31, 2019 1:03 pm, Rich Shepard wrote:
> On Wed, 31 Jul 2019, Adrien Monteleone wrote:
>
>> The type of service doesn’t matter. Certainly, there are professional
>> services who pre-bill and who use accrual instead of cash-basis
>> accounting. (such a situation is exactly what accr
On Wed, 31 Jul 2019, Adrien Monteleone wrote:
The type of service doesn’t matter. Certainly, there are professional
services who pre-bill and who use accrual instead of cash-basis
accounting. (such a situation is exactly what accrual accounting handles)
That’s more a question for a CPA as to whi
The type of service doesn’t matter. Certainly, there are professional services
who pre-bill and who use accrual instead of cash-basis accounting. (such a
situation is exactly what accrual accounting handles) That’s more a question
for a CPA as to which is the best fit for you.
Regards,
Adrien
Assets don’t show up in the Income Statement (P&L).
They do show up in the Balance Sheet.
Sorry, I spoke to soon, as there is no way through account selection to
generate a cash-basis Income Statement while using the Business Features.
The posting date of the invoice is when the Income accounts
On Wed, 31 Jul 2019, Adrien Monteleone wrote:
If you want a cash-basis Income Statement, you’ll need to modify your
included accounts in the Accounts tab of the report’s Options.
Adrien,
It's not working. The 'defaults' selection colors all accounts blue (except
for a couple), but while ctrl-
On Wed, 31 Jul 2019, Adrien Monteleone wrote:
If you want a cash-basis Income Statement, you’ll need to modify your
included accounts in the Accounts tab of the report’s Options.
Adrien,
Okay. That is preferable to unposting invoices. Mine is a professional service
business so ivoices are sen
On Wed, 31 Jul 2019, Derek Atkins wrote:
This is a question of Cash vs Accrual accounting. The business features
imply Accrual accounting, so yes, if you have Receivables that *is*
included in the Income Statement.
Derek,
Ah so. That answers many report questions I've had. My business has alw
Hi,
On Wed, July 31, 2019 11:30 am, Rich Shepard wrote:
> Running gnucash-3.6 here. I downloaded the help and guide pdf manuals and
> assume they're for 3.6.
>
> Using the start/end date options for the income statement report I see
> revenues much higher than shown in the checking account when I
Rich,
The report is accrual based by default. It will include AR because that is
revenue that has been earned. Accounting standards require that revenue is
recognized when earned, regardless of when it is actually collected.
If you want a cash-basis Income Statement, you’ll need to modify your
Running gnucash-3.6 here. I downloaded the help and guide pdf manuals and
assume they're for 3.6.
Using the start/end date options for the income statement report I see
revenues much higher than shown in the checking account when I specify July
2019 as the date range. The brief description of the
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