making a payment to an invoice from Accounts Receivable

[Jason Stewart]

Hmmm... Yes... That does seem to work for what I was wanting to do. I will
give that a try, thanks! All the best, jas...


On Thu, Jul 17, 2014 at 12:51 PM, Maf. King <maf at chilwell.net> wrote:

> On Thu 17 July 14 11:20:26 Jason Stewart wrote:
> > Ah... yes... I did not know about that function... Thanks!
> >
> > That brings up another question. And it is not GnuCash specific but
> perhaps
> > more of a general accounting question.
> >
> > I am organizing an event and collecting accomodation money for the event
> > and I have used GnuCash to generate all my invoices. None of that money
> > will go to me but instead I will pay all of it to the venue. How do I
> > account for this? In GnuCash when I made the invoices GnuCash wanted an
> > income account to register the payments into. So now when I process a
> > payment it shows up as income - but it isn't. I attempted to make the
> > "income" account Accounts Payable or Accounts Receivable but it was not
> > possible to select either of those - I guess the software is restricting
> > the choice based on the 'type' of account.
> >
> > Any suggestions?
> >
> > Thanks! jas...
>
> Hi Jas,
>
> If all you are doing in this particular GC file is tracking accommodation
> costs, I really don't think it matters much.  record the  accommodation as
> an
> expense, then you'll find that income = expense = 0.
>
> If you are tracking other things too, then a specific income sub-account,
> such
> as income:pre-paid_accommodation will work too.    When you pay the venue,
> recorde it as a "negative income" in the sub-account, and you should end up
> with 0 income, eventually...
>
> HTH,
> Maf.
>
>
>


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