[GNC] accrual of property tax payments

[Keith Bellairs]

Thanks, Derek. The issue has been around for years, I guess.

Looking at invoices, for a cash basis user the invoice should get posted to
payables when received and the payable is reversed to expense on the date
the payment is actually made.

For an accrual basis user the expense could be posted immediately to the
(past, present, or future) "due date". If it's in the future it won't show
up in current P&L, which is correct. I found that I could not edit the
dates on the expense transactions that were created by the business logic,
so all 4 quarters show up as expenses on the day I posted the invoice. That
doesn't seem right in anyone's world.

But the invoice logic is overkill for me. I'll go back to scheduled
transactions. For my purposes scheduling 4 transactions is fine.

Keith



On Mon, Feb 11, 2019 at 5:23 PM Derek Atkins <derek at ihtfp.com> wrote:

> Keith Bellairs <keith at bellairs.org> writes:
>
> > 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?
>
> See:  https://bugs.gnucash.org/show_bug.cgi?id=95700
>
> This is talking about customer invoices, but vendor bills use the same
> logic.  Note the date of the bug report.
>
> > Please remember to CC this list on all your replies.
> > You can do this by using Reply-To-List or Reply-All.
>
> -derek
>
> --
>        Derek Atkins                 617-623-3745
>        derek at ihtfp.com             www.ihtfp.com
>        Computer and Internet Security Consultant
>