"Double Dating" transactions?

[Dale Alspach]

I think this has been discussed previously. With the usual advice to call
accountant if you really need to know how to do it right, I would put this
on an accrual basis. As soon as you know that you are overpaying on your
tax withholding, you can start making transaction into an accounts
receivable. Thus if you knew during 03 that you were overpaying the
government $30 per month, you can make a transaction to credit the tax
expense account $30 and debit the accounts receivable asset account. When
the refund check arrives you credit accounts receivable and debit checking
(or whatever). This will have the effect of giving you two different dates.


Dale Alspach