question about income account when a sale occurs

[Derek Atkins]

John Griessen <john_g at cibolo.com> writes:

> What would the account flow look like for a prepayment for buying materials?

You mean the customer pays you money before you invoice them for
materials you then buy for their project?

> Does an invoice allow handling that prepayment income so as to keep it all 
> related to a job invoice?  Can you enter the payment for an invoice before it is 
> complete?

Payments dont apply to invoices, they apply to customers.  Just
"Process Payment" and gnucash will apply it to the next invoice you
post for that customer.  Payments/invoices are not marked by jobs.

I would definitely suggest you NOT enter the payment on an invoice.
Gnucash does NOT handle "negative-valued" invoices at all.  It will
really screw you over hard if you try it.

> John Griessen

-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
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