[GNC] Posting a bad debt

[rmomxtx at gmail.com]

Adrian,

 

This option makes the most sense to me in terms of accounting principles.
Only one problem, I set that account up as a sub of accounts receivable (in
Spanish for: Activo Diferido) but it does not show up in the list of
accounts in the receive payment window. You have to have an accounts
receivable asset account for the invoice module to work. That account does
appear in the dropdown list in the top right corner of the receive payments
window.  I think this list is called "post in" in English, contabilizar en
in Spanish. In the post window, you can select that account as well from a
similar dropdown list called "contabilizar en cuenta," I think "Post in
account" in English. I'm using version 1.6.18. Perhaps later versions allow
you to receive a payment to accounts receivable asset accounts.

 

Thanks,

Roger

 

Message: 5

Date: Tue, 9 Apr 2019 14:18:55 -0500

From: Adrien Monteleone <adrien.monteleone at lusfiber.net
<mailto:adrien.monteleone at lusfiber.net> >

To: GnuCash <gnucash-user at gnucash.org <mailto:gnucash-user at gnucash.org> >

Subject: Re: [GNC] Posting a bad debt

Message-ID: <4283CC76-028C-45C3-94E9-BE028A21872D at lusfiber.net
<mailto:4283CC76-028C-45C3-94E9-BE028A21872D at lusfiber.net> >

Content-Type: text/plain;             charset=utf-8

 

Probably the more formal method would be to create,

 

Assets:Current Assets:Accounts Receivable:Allowance for Doubtful Accounts

 

then ?pay? the original invoice with that asset account, then move that
amount (once determined you definitely won?t collect it) to Expenses:Bad
Debt.

 

'Allowance for Doubtful Accounts' is usually a calculated estimation that
later gets written off to expenses at the end of the period, but I don?t see
why you can?t use it in this fashion all at once.

 

 

Regards,

Adrien