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
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