Fw: [SPAM] Re: gnucash-user Digest, Vol 85, Issue 28

[Derek Atkins]

kevin lo <kachiservice at gmail.com> writes:

> thanks derek.
>
> is there an alternative order to FIFO when processing invoivces?

Nope, although you can force one invoice to the front of the fifo, but
all the rest are in date order.

-derek

> On Thu, Apr 22, 2010 at 2:59 AM, Derek Atkins <warlord at mit.edu> wrote:
>
>     Hi,
>    
>     kevin lo <kachiservice at gmail.com> writes:
>    
>     > Hi John
>     >
>     > If entries are made in the invoice and then you process payment
>     >
>     > how do you post the full amount to the bank account.
>     >
>     > do you have to run process payment twice, once for each invoice?
>    
>     If ONE customer pays you for multiple invoices at once you only need to
>     Process Payment once for the total amount of the invoice.  Gnucash will
>     automatically split the payment across the invoices in FIFO order.
>    
>     -derek
>    
>     > On Tue, Apr 20, 2010 at 10:39 PM, L Park <edog5948 at yahoo.com> wrote:
>     >
>     >>
>     >>
>     >>
>     >>
>     >> ----- Forwarded Message ----
>     >> From: John Carter <john at jrcarter.com>
>     >> To: L Park <edog5948 at yahoo.com>
>     >> Sent: Sat, April 17, 2010 1:18:48 PM
>     >> Subject: Re: [SPAM] Re: gnucash-user Digest, Vol 85, Issue 28
>     >>
>     >> On Sat, Apr 17, 2010 at 8:47 AM, L Park <edog5948 at yahoo.com> wrote:
>     >> > Hi John,
>     >> >
>     >> > This is exactly what I want to do.
>     >> > But how exactly do I "transfer that excess into A's receivables"?
>     >> > How do I specify that the money goes against the Customer A invoice?
>     >>
>     >> If you are not using invoices to track customer billables:
>     >> In the transaction where you received the payment from B, only the
>     >> amount that he owes is debited to his receivables.
>     >> You credit your bank account for the full amount. That leaves an
>     >> imbalance in the amount that A owes.
>     >> Debit that amount to A' receivables. This balances the transaction.
>     >>
>     >> Make a note in the credit line to the bank that the full amount is a
>     >> payment for both A and B. Use invoice #s if available.
>     >> In the debit line for A, make a note that the payment came from B.
>     >> In the debit line for B, make a note that his payment included the
>     amount
>     >> for A.
>     >>
>     >> If you are making the entries in the invoice, this can be a little
>     >> trickier.
>     >> In that case, you will need a suspense account.
>     >> Debit the amount that B owes into B's receivables, debit the amount
>     >> that A owes into the suspense account. Credit the full amount to the
>     >> bank.
>     >> Then in the invoice for A, credit the suspense account and debit A's
>     >> receivables.
>     >>
>     >> John Carter
>     >>
>     >>
>     >>
>     >>
>     >> _______________________________________________
>     >> gnucash-user mailing list
>     >> gnucash-user at gnucash.org
>     >> 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 at gnucash.org
>     > 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.
>     >
>     >
>    
>     --
>           Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
>           Member, MIT Student Information Processing Board  (SIPB)
>           URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
>           warlord at MIT.EDU                        PGP key available
>

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available