Entering a credit

[Robert G Palmer Jr]

No, this does not seem to work, for two reasons:

1. On an invoice, my checking account can't be selected.  I'm  
guessing an invoice will not let you select a BANK account, because I  
can select other ASSET accounts that are just "holding  
accounts" (e.g. I can select "Assets:undeposited funds").

2. An Invoice takes money FROM an account and puts it INTO Asset:AR  
account.  Even if I could do a invoice against my BANK account, it's  
going to INCREASE the AR, not DECREASE it.  A Credit should DECREASE  
INCOME AND AR (you aren't getting paid as much and you aren't  
expecting as much).


On Jan 13, 2009, at 8:43 AM, avr at jet2.net wrote:

> Robert Stocks wrote:
>> 2009/1/13 Robert G Palmer Jr <robertpalmerjr at mac.com>:
>>
>>> Well, this sounded like the perfect approach, it would allow me  
>>> to continue
>>> to use the exact same pair of accounts: Income:Fees and Asset:AR  
>>> then just
>>> post an invoice with the credit amount.  In the original invoice,  
>>> I'm taking
>>> money out of Income:Fees and putting it into Asset:AR and in the  
>>> credit, I
>>> would be doing the opposite (due to using negative numbers).   
>>> However, when
>>> I try to post this invoice, I get an error dialog:
>>>
>>> ---> "You may not post an invoice with a negative total value."
>>>
>>> ...
>>> So I guess I'm back to square one.
>>>
> Will this work for you?
> http://www.nabble.com/Re%3A-Crediting-a-customer-p20200161.html
>