Accounts Receivable payments for taxes

[Derek Atkins]

Hi,

Richard Geddes <richardcgeddes at gmail.com> writes:

> Hello,
>
> Gnucash 2.4.10, Linux.
>
> I've been using the A/R to invoice and generate aging reports without
> issues.
>
> When I generate a new invoice, I select an Income Account for each line
> of the invoice ( Income:Sales:xxxx - xxxx would be a company for further
> breakdown).
>
> As soon as I post the invoice, an entry in the Income:Sales:xxxx account
> is created with the date of the invoice.
>
> When I post a payment for an invoice, an entry is created in my bank
> account and in the A/R account.
>
> Because there is a lag (up to 2 months) of payment, at the end of the
> year, invoices generated in the previous year are paid in the following
> year.
>
> When I tag an Income:Sales:xxxx account as tax related, the Tax Report
> picks up the invoice dates and sums, not the actual payment dates and sums.
>
> Is there a way to get A/R to generate an entry into Income:Sales:xxxx
> when the payment is made or a Tax Report that only considers payments
> made on invoices?

No.  Using the Business Features necessarily creates an Accrual-based
accounting.  You need to manually convert from Accrual to Cash-based.

> Thanks
> Richard

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available