Business Accounting: Dispute an Invoice

[Alice Lee]

I am a CPA and I respond to accounting questions.  I am not an expert in
Gnucash but I do use it for a small non-profit for which I am the treasurer.
You need to record the invoice for the amount which you believe to be the
correct amount and that would be the amount which would go into either cost
of goods sold, if the goods are for resale, or in an expense account if you
are using them in your business.  When your bank is credited, you will of
course credit the bank account in Gnucash for the full amount, debit the
invoice for the amount of the invoice which you created in Gnucash and
create a debit account as a current asset calling it something like
Overcharge unresolved or you could set up a receivable for that vendor if
you prefer.  Make it an account that will call it to your attention if you
have lots of transactions.  Hope this helps.  Alice Lee 

-----Original Message-----
From: gnucash-user
[mailto:gnucash-user-bounces+alee212007=satx.rr.com at gnucash.org] On Behalf
Of nssimpson
Sent: Monday, April 6, 2015 3:24 PM
To: gnucash-user at gnucash.org
Subject: Business Accounting: Dispute an Invoice

Hi Everyone 

I have an issue where I've paid a supplier for some goods by debit card. The
invoice then came in for the wrong (higher) amount, so I'm now waiting for a
credit. 

In the meantime is there a way of marking the invoice against the payment
I've made them but mark the invoice as in dispute? Apparently this is what
you do in Sage so I wondered if Gnucash had the same function or just a
different/better way of dealing with this situation. 

Cheers 

Nick 



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