making a payment to an invoice from Accounts Receivable

[David Gillam]

Isn't this a case where you create a liability account "Venue," record the incoming monies as transfers from liability "Venue" to Checking, then your check to Venue as going back to the liability "Venue"?

At the end, your checking has gone up by X and back down by X, and your liability account "Venue" is at zero.

Cheers,

David

On Jul 17, 2014, at 5:20 AM, Jason Stewart <jason.e.stewart at gmail.com> wrote:

> Ah... yes... I did not know about that function... Thanks!
> 
> That brings up another question. And it is not GnuCash specific but perhaps
> more of a general accounting question.
> 
> I am organizing an event and collecting accomodation money for the event
> and I have used GnuCash to generate all my invoices. None of that money
> will go to me but instead I will pay all of it to the venue. How do I
> account for this? In GnuCash when I made the invoices GnuCash wanted an
> income account to register the payments into. So now when I process a
> payment it shows up as income - but it isn't. I attempted to make the
> "income" account Accounts Payable or Accounts Receivable but it was not
> possible to select either of those - I guess the software is restricting
> the choice based on the 'type' of account.
> 
> Any suggestions?
> 
> Thanks! jas...
> 
> 
> On Thu, Jul 17, 2014 at 5:07 AM, Mike Alexander <mta at umich.edu> wrote:
> 
>> On Jul 16, 2014, at 5:11 PM, Steven Stern <subscribed-lists at sterndata.com>
>> wrote:
>>> 
>>> I just went through this. You need to delete the payments from their
>>> destination accounts, unpost the invoice, fix it, re-post it, and
>>> reapply payments.
>> 
>> I'm not an expert on that part of GnuCash, but I think you can also fix it
>> by using the "apply payment to invoice" function on the payment after
>> reposting the invoice.  I did this recently and it seemed to work.
>> 
>>               Mike
>> 
> 
> 
> 
> 
> -- 
> Spread the Word! Nonviolence Works! -
> http://giraffesocialenterprises.org.uk/
> 
> 
> 
> 
> *Although the problems of the world are innumerable, we vow to solve
> them.Although the suffering of humanity is limitless, we vow to lesson
> it.Although creating a sustainable civilization may be impossible, we vow
> to create it.Although saving the world is impossible, we vow to save it.*
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

David
Gillam Data Services, Inc. - Computer Training & Support
dave at davegillam.com | www.davegillam.com | 972-383-9391