[GNC] accrual of property tax payments

Stephen M. Butler kg7je at arrl.net
Sun Feb 10 13:10:52 EST 2019


On 2/10/19 9:49 AM, Keith Bellairs wrote:
> My property tax is payable in 4 installments -- August, November, February,
> and May. I have tried to set this up with my town as the vendor and 4
> payments.
>
> When I ran my income statement for last year, I see that the future
> liabilities have been posted with the date that the bill was posted, not
> the date that the bill is due. So all of my 2019 payments show as tax
> expense in 2018.
>
> Is there a way to have the vendor bills show up dated with the due date
> instead of the date posted?
>
> Keith

Keith,

When you enter the transactions, what date are you using?  That would be
the first column on the General Ledger entry window?  Whatever you put
there will be the date attached to that transaction for all of the reports.

-- 
Stephen M Butler, PMP, PSM
Stephen.M.Butler51 at gmail.com
kg7je at arrl.net
253-350-0166
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