Cash Basis Reports

[Mike or Penny Novack]

On 9/28/2017 5:20 AM, Warner Losh wrote:
> I'm converting from quickbooks.
>
> In quickbooks, it was super simple to have a 'cash basis' system, and still
> keep track of the monies owed using things like invoices and accounts
> receivable. In the US, business smaller than a certain size can be on a
> cash basis. My businesses have been cash based for about 20 years now, and
> QuickBooks has handled it nicely.
Unfortunately, gnucash business features (like invoicing) only work 
accrual basis. It would be nice if there were an option for those of us 
keeping books on the cash basis << I do accounting for non-profits, 
whose members often want to be invoiced for dues, etc. but those are NOT 
legally receivable >>

The work around is ugly and requires additional data entry << keeping a 
second set of "virtual" books to produce the invoices and record their 
being paid, etc. (and at that time entering transaction in the "real" 
cash basis books) >> But that is what I do for the non-profits for which 
I need to produce invoice statements.

Michael D Novack



Michael D Novack

Michael D Novack