Debtor transfer without invoice

Alice Lee alee212007 at satx.rr.com
Mon Jun 8 13:00:02 EDT 2015


I have been practicing since 1960.  It was accounts receivable and accounts
payable then.  That is probably longer than you have been practicing your
insults. 

-----Original Message-----
From: gnucash-user
[mailto:gnucash-user-bounces+alee212007=satx.rr.com at gnucash.org] On Behalf
Of Wm
Sent: Sunday, June 7, 2015 1:37 PM
To: gnucash-user at gnucash.org
Subject: Re: Debtor transfer without invoice

Thu, 4 Jun 2015 13:41:59 <004f01d09ef6$245f1960$6d1d4c20$@rr.com>  Alice Lee
<alee212007 at satx.rr.com>

>Normally, what you are doing would be handled in a subsidiary ledger.  
>You have available either customer or vendor to create what amounts to 
>a subsidiary ledger.

>I have never heard of a debtors ledger.

At the risk of insult you haven't thought much about who owes money and who
money is owed to in that case.

Just so you know debtor and creditor ledgers predate accounts receivable and
accounts payable as notions.  Not your fault if your education was lacking,
of course.

>If you do not want to use a spreadsheet, such as Excel, to keep track 
>of your member payments your other alternative if to set each name up 
>as an asset account:  John Doe Dues Receivable, Jane Smith Dues 
>Receivable.  Then you could make each one a monthly repeating entry.  
>The payments you receive from each member would then be applied to that 
>person's account.  When they make advance payments, it would show up as 
>a credit in the asset account but the proper amount would be recorded 
>monthly into income by the repeating entry.  If you present financial 
>statements, the credit amounts would be presented as 
>liabilities--Advance Dues Payments and the total of the accounts with a
debit balance would be presented as a receivable--an asset.

OP take a look at the thread
===
Initial setup questions for a small non-profit membership startup (UK) ===
where Jill Terry makes sense

--
Wm...
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