invoice:payments not 1:1 advice?

[Ian Smith-Heisters]

On Wed, Jul 2, 2008 at 1:33 PM, Karl Grant <karlgrant06 at gmail.com> wrote:
> You'll probably get more advanced advice than mine but ...
>
> The way most businesses work is by treating each customer as an account.

So would you create a receivables account for each customer?

> When you invoice them the balance in their account is decreased and the
> opposite when they pay. GNUcash uses whatever money paid to clear the oldest
> invoice first. Taxation is also based on when the money comes in, rather
> than which invoice it was for.

That's weird, because it was just telling me invoices 1 and 4 for this
particular customer were cleared; so it doesn't *seem* to be
chronological. And the "process payment" function asks for a specific
invoice, then automatically splits the payment based on the amount of
the selected invoice.

Thanks for the advice,
Ian

>
> HTH, IANAA etc
> Karl
> 2008/7/2 Ian Smith-Heisters <i at idiosyncra.tc>:
>>
>> Hi all,
>>
>> I have this customer that requests weekly invoices, pays in 1
>> bi-weekly check, and that check will usually not include all items
>> from both invoices during the concerned timeframe, and will include
>> items from invoices from past timeframes. Ugh. In illustration, things
>> tend to look like this:
>>
>> invoice: $1000
>> invoice: $500
>> payment: $1200
>> invoice: $1000
>> invoice: $1000
>> payment: $2100
>>
>> What's a good way to handle this in GnuCash? I just discovered the
>> split transaction feature, which seems suitable, but I can't figure
>> out how to associate each split with a different invoice. Also, the
>> Accounts Receivable page doesn't show what invoice each payment is
>> associated with, even though when you look up invoices it shows a
>> "paid" checkbox, which does seem to be aware of some correlation
>> between payments and invoices. Is there some way to get a breakdown of
>> how payments are being associated to invoices?
>>
>> Thanks much,
>> Ian
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>
>
> --
> Karl