Invoice/payment dates

[Derek Atkins]

Aldous Everard <aldous at hypercubesystems.co.uk> writes:

> I am new to Gnucash, and a little uncertain of how it works. I have a
> few questions,
> 
> 1. If I send out an invoice, can I enter it as a sale, then when it gets
> paid update a field so that it shows up on the bank balance?

Indeed, this is exactly what the current invoice subsystem does.

> 2. Can Gnucash account for VAT?  It does not have a seperate column for
> this, but I don't want to have to enter VAT as a split payment every
> time.  Is it capable of calculating VAT for returns?

It can keep track of VAT (or any other tax) in the invoice and billing
system.  It cannot calculate returns, however -- it just keeps track
of total VAT collected/paid.  Take a look at the Business -> Tax
Tables features to set it up.

> Thanks in advance
> 
> Aldous

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
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