Accounts Receivable payments for taxes

R. Victor Klassen rvklassen at gmail.com
Fri Mar 22 17:16:44 EDT 2013


http://gnucash.uservoice.com/forums/101223-feature-request/suggestions/1559973-allow-users-to-switch-from-accrual-to-cash-account

On 2013-03-22, at 3:12 PM, Richard Geddes wrote:

> 
> Where can I vote for this feature?
> 
> 
> On 03/22/2013 01:23 PM, R. Victor Klassen wrote:
>> There is an outstanding feature request for allowing switching from accrual-based to cash-based accounting.  
>> 
>> It currently is not highly ranked, but you could vote for it.
>> 
>> On 2013-03-22, at 10:45 AM, Derek Atkins wrote:
>> 
>>> Hi,
>>> 
>>> Richard Geddes <richardcgeddes at gmail.com> writes:
>>> 
>>>> Hello,
>>>> 
>>>> Gnucash 2.4.10, Linux.
>>>> 
>>>> I've been using the A/R to invoice and generate aging reports without
>>>> issues.
>>>> 
>>>> When I generate a new invoice, I select an Income Account for each line
>>>> of the invoice ( Income:Sales:xxxx - xxxx would be a company for further
>>>> breakdown).
>>>> 
>>>> As soon as I post the invoice, an entry in the Income:Sales:xxxx account
>>>> is created with the date of the invoice.
>>>> 
>>>> When I post a payment for an invoice, an entry is created in my bank
>>>> account and in the A/R account.
>>>> 
>>>> Because there is a lag (up to 2 months) of payment, at the end of the
>>>> year, invoices generated in the previous year are paid in the following
>>>> year.
>>>> 
>>>> When I tag an Income:Sales:xxxx account as tax related, the Tax Report
>>>> picks up the invoice dates and sums, not the actual payment dates and sums.
>>>> 
>>>> Is there a way to get A/R to generate an entry into Income:Sales:xxxx
>>>> when the payment is made or a Tax Report that only considers payments
>>>> made on invoices?
>>> No.  Using the Business Features necessarily creates an Accrual-based
>>> accounting.  You need to manually convert from Accrual to Cash-based.
>>> 
>>>> Thanks
>>>> Richard
>>>> Please remember to CC this list on all your replies.
>>>> You can do this by using Reply-To-List or Reply-All.
>>> -derek
>>> 
>>> -- 
>>>      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
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>>> -----
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>> 
> 




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