making a payment to an invoice from Accounts Receivable

[Jason Stewart]

Yes... This works. The other solution suggested by maf could also work but
I like this one better because it shows up right away as a liability.
Thanks!


On Thu, Jul 17, 2014 at 2:03 PM, David Gillam <dave at davegillam.org> wrote:

> 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
>
>


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