Separating Income From Paid and Unpaid invoices

[Derek Atkins]

Quoting Crimson Corelio <crimson.corelio at gmail.com>:

> I'm using GnuCash to keep track of my consulting business, creating invoices
> for all my clients.  I have an Income account names Income:Freelance that is
> posted to by the invoices.  Now I post invoices whenever I send them out to
> my clients.  So at that point they are entered into Income:Freelance.  As
> they're paid, I enter the payment.  But for tax purposes I want to be able
> to pull out just the paid invoices.  Is there an easy way to do something
> like this?

The way I do it for my business is to subtract out the outstanding balance
of A/R from the Income at the end of a period..  So, if on December 31
I still have $2000 in A/R, I know that I can subtract $2000 from my
Income.

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-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