making a payment to an invoice from Accounts Receivable
Maf. King
maf at chilwell.net
Thu Jul 17 08:55:45 EDT 2014
On Thu 17 July 14 07:48:21 David Gillam wrote:
> 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
Hi David,
Yes that is true, but ISTR that in GC, you can't pay in invoice to a liability
account...of course, I may be mistaken on that, esp. in 2.6.x
Maf.
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