Accounts Receivable payments for taxes

[Richard Geddes]

Where can I vote for this feature?


On 03/22/2013 01:23 PM, R. Victor Klassen wrote:
> There is an outstanding feature request for allowing switching from accrual-based to cash-based accounting.  
>
> It currently is not highly ranked, but you could vote for it.
>  
> On 2013-03-22, at 10:45 AM, Derek Atkins wrote:
>
>> 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
>>> Please remember to CC this list on all your replies.
>>> You can do this by using Reply-To-List or Reply-All.
>> -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
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>