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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