[GNC] Posting a bad debt

[Adrien Monteleone]

At this point I’ll simply suggest referencing an Accounting textbook and/or speaking to a CPA. I’m not getting into a debate about definitions of revenue vs. income and how to treat bad debts in *your* books. As I noted, I’m not dispensing accounting advice. I’m trying to help, best I can, with how to accomplish a task using GnuCash.

Regards,
Adrien

> On Apr 10, 2019, at 9:50 AM, Greg Feneis <mfeneis at gmail.com> wrote:
> 
>  Revenue is money you have collected.  I don't think an invoiced amount is revenue until it has been collected. When a payment cannot be collected, that uncollected payment is not an expense. An expense is revenue spent in exchange for a good or service. 
> 
> Kind regards, Greg Feneis
> (Galaxy S7)
>    
>