Invoice workflow

[Derek Atkins]

DUDE..

PLEASE CC GNUCASH-USER ON __ALL__ RESPONSES!!!!!!

Doug Ransom <dransomxxx at yahoo.com> writes:

> I think a source of my confusion is that the manual
> section 12.3 (accounts receiveable initiali setup)
> shows a hierarchy like
>
>  -Assets
>    -Checking
>    -Accounts Receivable
> -Income
>    -Sales
>
> but for my income account in edit invoice I am only
> allowed to pick from a drop down of Asset accounts.
>
>
> Am I doing something wrong, or found a defect?

Are you sure Income:Sales is marked as an Income Account?
Also, are you using a Customer Invoice or a Vendor Bill?
It works fine for me with a proper account setup, so
it's unlikely to be a bug -- more likely it's user error.

-derek

>  --- Derek Atkins <warlord at MIT.EDU> wrote: > Please CC
> all responses to gnucash-user...
>> 
>> Doug Ransom <dransomxxx at yahoo.com> writes:
>> 
>> > I am starting to get this.
>> >
>> > Now, if I issue invoices for water and invoices
>> for
>> > strata fees, how can I account for the revenue of
>> each
>> > over the year?  Would I transfer from the received
>> > current asset to an income account and then to the
>> > chequing account?
>> 
>> Well, it depends whether you want to use the
>> business invoicing system
>> or just do it by hand.  But revenue is generally a
>> transfer from
>> Income to Asset...  It can be any asset type.  Model
>> it on the
>> real flow of cash.
>> 
>> > Doug
>> 
>> -derek
>> 
>> >
>> >  --- Derek Atkins <warlord at MIT.EDU> wrote: > Doug
>> > Ransom <dransomxxx at yahoo.com> writes:
>> >> 
>> >> > I am trying to understand how to deal with an
>> >> invoice.
>> >> 
>> >> Sure..
>> >> 
>> >> > What do I do when I receive payment, and then
>> what
>> >> do
>> >> > I do when I actually deposit payment to the
>> bank?
>> >> 
>> >> Gnucash doesn't make a real distinction between
>> >> receiving payment and
>> >> depositing payment.  You could create an
>> >> "Undeposited Funds" account
>> >> and then process the payment into there, and then
>> >> transfer from there
>> >> to your checking account.
>> >> 
>> >> > doug
>> >> 
>> >> -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 
>> >
>> >
>>
> ______________________________________________________________________
>> 
>> > Post your free ad now! http://personals.yahoo.ca
>> >
>> >
>> 
>> -- 
>>        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 
>
> ______________________________________________________________________ 
> Post your free ad now! http://personals.yahoo.ca
>
>

-- 
       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