Cash versus accruer accounting

[Elizabeth Dodd]

On Fri, 2 Dec 2005 22:57, marc at osmium.mv.net wrote:
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> Hi -
>
> I use gnucash for my small business bookkeeping. I use the business
> features. For US tax purposes, I operate on a cash basis.
>
> When I create an invoice, I associate the line items on the invoice against
> an income account. The accounts receivable which invoices are posted to,
> and an asset account.
>
> When I run reports, such as profit & loss, I end up seeing data not based
> on cash (e.g. when payment is actually received), but instead based on
> accruer (e.g. when the invoice is initially posted).
>
> What I would like to do is to change my method of using the system so that
> the reports show a cash basis. So, my question is, how is that best
> achieved?
>
> Thanks in advance - Marc

Gnucash uses accrual accounting and it isn't changed in any easy way.
Make an invoice, print and then edit to another date in the future.
I ignore the future dated stuff when I run reports.
Liz

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