[GNC] cash basis and accrual basis

[R. Victor Klassen]

And further, if you’re working with the business features, you will need to post invoices with a post date matching the period in which payment is received.  This may involve unposting and reposting.  They have to be posted to print without the “invoice in progress…” notation, but then if you want strict cash accounting you get to change the posted date to a period in which you expect to receive payment, and possibly again when your expectations turn out to be wrong.

With bills it’s easier, as you have control over when you pay them.

> On Oct 22, 2020, at 5:14 AM, Adrien Monteleone <adrien.monteleone at lusfiber.net> wrote:
> 
> It isn't a 'view'. If you want to work on cash basis, you record the transaction when money physically (or digitally) changes hands. If you want to work on an accrual basis, you record the transaction when the expense is incurred or the income is earned without regards to actual exchanges.
> 
> 
> Regards,
> Adrien
> 
> On 10/21/20 5:34 AM, HaxNet wrote:
>> Hi,
>> Is there a way to choose which basis I want to view? Right now, it's defaulted to Accrual.
>> When I pick the Income Statement, and income hasn't been received yet, I don't want it to show that there's revenue.
>> Thank you in advance.
> 
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> To update your subscription preferences or to unsubscribe:
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.