Unable to post bills/invoices

lesatglsi les at lesdunaway.net
Fri Jan 4 08:55:42 EST 2013


The documentation states very clearly that the account under Liabilities must
be named "A/Payable" and that the Expenses must be under AP Expenses "To use
GnuCash’s integrated accounts payable system, you must first setup an
account of the A/Payable type. The A/Payable account is usually a
sub-account under Liabilities. It is within this account that the integrated
A/P system places transactions."

Which makes sense because that lets you see the AP by account. I'm assuming
that when the bill is paid, the integrated accounts payable system moves the
paid bills to the "real" Expense accounts?

>From the user guide:
/Accounts Payable (or A/P) refers to products or services bought by your
company for which payment has
not yet been sent. This is represented on the balance sheet as a liability
because you will have to pay for
them. To use GnuCash’s integrated accounts payable system, you must first
setup an account of the A/
Payable type. The A/Payable account is usually a sub-account under
Liabilities. It is within this account
that the integrated A/P system places transactions.
Basic A/P Account Hierarchy:
-Assets
-Bank
-Liabilities
-Accounts Payable
-Expenses
-AP Expenses
You need to add additional asset accounts and real expense accounts to make
this hierarchy useful. The
important aspects of this hierarchy are that you need an expense account and
an Accounts Payable account,
with account type set to A/Payable.
/



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