customer payments graph
Mike or Penny Novack
mpnovack at mtdata.com
Mon May 9 16:53:54 EDT 2016
On 5/9/2016 9:43 AM, Tatar Kolos wrote:
> Hi Michael,
>
>
> The above setup works great, but the problem is that we're having
> cash-flow problems and I can only get GnuCash to show the sum of
> issued invoices as "income", but not the actual payments. I'd like to
> see somehow how we have planned income and how money has actually been
> coming in. I know I can see these numbers on the customer overview
> page, but I'd love to see it in a chart. I'm interested in plotting
> information going back for about a year.
THAT is precisely the difference between "cash" and "accrual" based
accounting.
Gnucash's business features are only available for "accrual" basis.
Look at the discussions where (other) business users are discussing
managing the problems around "receivables" not having been received (as
actual cash). A business might well be in trouble with regard to cash
flow if those receivables never get received.
Michael D Novack
PS: If I were in the position of using the "invoice" feature ONLY to be
able to issue invoices/statements but did not want to count income until
actually received (as opposed to when "accrued" -- I keep books mainly
for VOLUNTARY organizations where there is no legal obligation to pay
what we would have invoiced) I would probably choose to use a
secondary/subsidiary set of books. The "dues and assessments" books
would be "accrual" so able to invoice, and payments received would be
entered into that set of books << to be able to see who paid and who
didn't, etc. >> But those payments received would also be entered into
the "real" books which might be on a cash basis. Note that this is NOT
"twice the work" as the real books aren't needing to keep track of "from
whom". In other words, if some day I received dues payments from ten
members that would be ten transactions there but only one (for the total
of "member dues income" deposited) in the main books.
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