Accounting periods problem

[Mike or Penny Novack]

>Dear friends!
>I guess I must be explaining something in a completely wrong way, cause your
>answers completely miss the point of my question. Maybe its my language - I
>am not a native English-speaker. So I am very sorry for confusion.
>I do use accrual accounting, for sure, so payment date is completely
>irrelevant to my question. Having a degree in finance I also have no problem
>figuring out transactions I need. All the accounts have been set up just
>fine and they have been used successfully for a year.
>
>Lets try once more.
>.......
>
>So my question is - if there is a way in gnucash to record a bill so it
>appears on a correct issue date AND still have it accounted in a correct
>accounting period.
>
>
>Wahur
>
>  
>
GOT IT! (and yes, this was a language problem)

While I keep the books of the organization of which I am treasurer on a 
cash basis I have the same problem of "identification". We get periodic 
checks from the national organization for our share of memberships and 
any extra earmarked for our chapter. But FOR what months. Sometimes just 
one preceding month, sometimes two, even three. Because we keep the 
books "cash" basis, WHEN the check arrives is when we receive this 
income. But nice to be able to record "what period was that FOR". In 
other words, a transaction recording the receipt of this check on a date 
in March (undeposited funds/membership income, unrestricted donations 
income) might have in the description field "From national for January 
and February".

That's what the description column can be used for. So you could record 
the bill received as of a date to get the expense into the proper time 
period but have a description like "Telephone bill #....... issued ........"

Michael


-- 
There is no possibility of social justice on a dead planet except the equality of the grave.