Recording Income
Edwin Humphries
humphries.edwin at gmail.com
Sat Feb 21 00:07:40 EST 2015
Hi,
I'm the Treasurer of a small religious group, not an accountant, and
still a GnuCash newbie.
I'm trying to get my head around recording donations; I'm currently:
1. When a contribution comes in, I raise an invoice. I can find it, but
it's not recorded as Accounts Payable.
2. When I bank it, I "Process Payment". I then see it as Accounts
Payable (which I would have said by then it's not) and not as
income. However, the amount appears in our Bank Account.
Either I'm getting something wrong in this process, or I'm missing a
last step that transfer the amount from Accounts Receivable to Income.
Help, please :(
--
Regards,
Edwin Humphries
Mobile: 0419 233 051
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