1 Bank Entry - Multiple Invoices/Customers

[David Cousens]

On 09/19/2015 08:59 AM, nssimpson wrote:
> Hi Everyone
>
> So I paid in a few cheques for various different customers. On our bank
> statement it simply shows the total of all the cheques paid in.

Nick.

When invoices are created one split of the account will be a entry 
(debit in Accounts Receivable) while the other is a credit to an Income 
account. If you want to record all steps of the process you could create 
an asset account Undeposited Funds. When you receive the cheque, you 
would use the Business/Customer/Process Payment with the Undeposited 
funds selected as the account to debit ( and Accounts Receivable is 
credited) by the amount of the payment.

When you deposit the cheques in your bank account, your bank account is 
debited by the amount of the deposit and the Undeposited Funds is 
credited by the amount of the deposit. This is useful if there is a 
timing difference between receiving the payments and the deposit of the 
cheques.

David Cousens
>
> So what's the best way of assigning payment to several different invoices
> from different customers? Should I create an account in Gnucash where the
> value of the cheque goes in and then pay the bills from there?
>
> Cheers
>
> Nick
>
>
>
> --
> View this message in context: http://gnucash.1415818.n4.nabble.com/1-Bank-Entry-Multiple-Invoices-Customers-tp4680558.html
> Sent from the GnuCash - User mailing list archive at Nabble.com.
>