Self-Reversing Journal Entry

[Paul Schwartz]

I would think that if you accrue income in one month you would create and A/R and credit it rather than an income account when you receive payment. What is the need for reversing?

HTH

Paul




>________________________________
>From: Phil Longstaff <phil.longstaff at yahoo.ca>
>To: Gnucashuser list <gnucash-user at gnucash.org>
>Sent: Wednesday, August 3, 2011 2:59 PM
>Subject: Fw: Self-Reversing Journal Entry
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>----- Forwarded Message -----
>From: Phil Longstaff <phil.longstaff at yahoo.ca>
>To: Chris Milner <chrismilner at yahoo.com>
>Sent: Wednesday, August 3, 2011 4:59:04 PM
>Subject: Re: Self-Reversing Journal Entry
>
>
>Components of a split transaction can't have different dates.
>
>There is a "duplicate transaction" which will duplicate a transaction and allow you to enter the date for the duplicate.  I think it's in the pop-up menu when you select a transaction.  Maybe there should be a "reverse transaction" which is similar but which converts debits to credits and vice versa.
>
>
>________________________________
>From: Chris Milner <chrismilner at yahoo.com>
>To: gnucash-user at gnucash.org
>Sent: Wednesday, August 3, 2011 8:50:01 AM
>Subject: Self-Reversing Journal Entry
>
>I am a new Gnucash user.
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>Is there a way to create a journal entry this month that will automatically
>reverse next month?  I need to post accrued income on investments as a
>month-end JE, reversing the next month.  
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>Aside from creating 2 journal entries is there a way to do this?  It doesn't
>seem to me that the components of a "split" transaction can have different
>dates.
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>Thank you,
>
>
>
>Chris
>
>chrismilner at yahoo.com
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