Reports, (the heart of darkness)

[John Morris]

In fact, one can use the business features, such as accounts receivable and invoicing, and still report on a cash basis. We do that. I simply pull my reports based on transfers from Receivable to to the PayPal and checking accounts rather than based on transfers from the income accounts to Receivable. This tells me when we received the income rather than when we earned it.

  Since we treat all our income the same way and because all transfers into and out of Receivable are income, this works fine for us. Of course, if we needed to categorize different forms of income, it would get more complicated, but this could be done with subaccounts on Receivable.

Best,
John

> On Dec 7, 2016, at 6:28 PM, Maf. King <maf at chilwell.net> wrote:
> 
> Strictly speaking,
> 
> GC's _Business_Features_ are accrual only, not cash.  
> 
> If you don't use the invoicing etc. modules, then GC is quite happy as a cash-
> based accounting package.  Generating invoices in a word processor and keeping 
> track of who owes you what is perfectly possible, and you just record the 
> income as it is paid into your bank.
> 
> None of which supposes that I know about any rules in your jurisdiction for 
> business accounting norms.
> 
> 0.02
> Maf.