making a payment to an invoice from Accounts Receivable

[David Gillam]

I have an open invoice.  I select "Pay Invoice" and see, in the transfer account window, my asset and liability accounts listed.  I believe I can select a liability account instead of my normal "Business Checking asset account".  That would "credit" the liability account--making you owe that amount, effectively.  At some point, you should then be able to write a check on your asset account to pay off the liability.

Right?

On Jul 17, 2014, at 7:55 AM, Maf. King <maf at chilwell.net> wrote:

> 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.
> 
> 

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