Accounts Receivable Question

[Pablo Francesca]

I have a pretty good idea of what you're talking about. I made some test entries and it will work. Although, I'm going to be posting a payment instead of an invoice.  The payment will be posted to a A/R account specifically for the client.  This generates the (negative asset) liability entry effect that I'm looking for. I can then move payments to this customer from checking to the sub account and reduce the liability.

The problem, as you point out, is the the Future Income account (i.e. the account to which I transferred the payment). This asset account would obviously throw off the balance sheet reporting and needs to be excluded.  However, I don't see how to exclude an account in a report. I see a button for inclusion.  Is there an easy way to exclude just one account?

--- On Wed, 11/11/09, Maf. King <maf at chilwell.net> wrote:

From: Maf. King <maf at chilwell.net>
Subject: Re: Accounts Receivable Question
To: gnucash-user at gnucash.org
Cc: "Stephski" <stephanie at swcomplete.com>
Date: Wednesday, November 11, 2009, 2:40 AM

On Wednesday 11 November 2009 06:52:18 Derek Atkins wrote:
> Hi,

<SNIP>
>
> Really this is just a reporting issue.  When the period switches over
> you just need to substract out the outstanding Receivables from your
> Income (and remember that as your 'starting' value for the next period.
> You can still keep track of it all on an "accrual" basis.
>

Hi,

I've had a thought about this.  You _could_ do something like this, to avoid 
having to juggle your reports.

1. An invoice is created in A/R - the transfer account is Future_Income (or 
unrealised_income, or something which makes sense to you).  When you run the 
reports, just make sure that you exclude this Future_income account, and it 
won't contribute to  your cash totals.

2. When the invoice is actually paid, move the transaction from being in the  
A/R & Future_Income accounts to Bank & Income accounts.

Hope that makes sense,
Maf.
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