Cash vs Accrual Accounting and Cygwin/X

[Andrew Sackville-West]

On Tue, 10 Jan 2006 16:09:31 -0500
Derek Atkins <warlord at MIT.EDU> wrote:

> Andrew Sackville-West <andrew at farwestbilliards.com> writes:
> 
> > how are the various invoce dates handled? You've got an opening
> > invoice date, a date for each line-item in the invoice and a posting
> > date. Which date ends up where in reporting?  (I know go test it
> > myself).
> 
> The line-item dates are only seen from the invoice itself, never the
> CoA.  The opening date also is just in the invoice.  The post date is
> also the date on the transaction.
> 
> > I would think that manipulation of those dates would help with the
> > cash basis thing.
> 
> Maybe..  The problem is that you'd need to keep the original posting
> out of the CoA until it's paid, but then you never actually see the
> fact that the invoice is posted.  Catch-22.

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.

later

A
> 
> -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