Cash vs Accrual Accounting and Cygwin/X
Derek Atkins
warlord at MIT.EDU
Tue Jan 10 16:25:30 EST 2006
Quoting Andrew Sackville-West <andrew at farwestbilliards.com>:
> I don't use cash accounting, but seems to me an organized person can
> just post the invoice on the day they PLAN to pay it and then just
> remember (heh) to pay iton that day. maybe post it with a posting and
> due date set the same. I don't know, just ideas.
That doesn't work when the 'payment' is incoming.. You have no idea when
a customer is going to pay you. But you want to keep the posted invoice
on the books so you remember that you are owed the money.
-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
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