[GNC] Best way to close unpaid invoices?

Daffy Duck suffsuccotash at gmail.com
Mon Mar 8 21:06:56 EST 2021


The issue is, this solution does not have a relationship to the
invoice.  As such, the invoice still pops up in invoices due reminder.

On Sun, 2021-03-07 at 21:06 -0800, Keith Fetterman wrote:
> I recall the original question was how to make the open invoices
> disappear from the “Due Invoices Reminder” dialog.  Based on the
> explanation below, do the open invoices still appear in the dialog? 
> If so, how does one make them disappear? 
> 
> 
> > 
> > 
> > ------------------------------
> > 
> > Message: 7
> > Date: Sun, 7 Mar 2021 16:53:56 -0600 (CST)
> > From: David Cousens <davidcousens at bigpond.com>
> > To: gnucash-user at gnucash.org
> > Subject: Re: [GNC] Best way to close unpaid invoices?
> > Message-ID: <1615157636594-0.post at n4.nabble.com>
> > Content-Type: text/plain; charset=us-ascii
> > 
> > There is no need to zero out the invoice. It remains as it
> > originally was and
> > the debt remains on the books.  What the debt write off does is
> > correct your
> > income for the amount of income you expected to but didn't receive
> > and
> > adjusts the accounts receivable to reflect that you do not expect
> > to receive
> > that income. 
> > 
> > If you cancel out the invoice and at some future time the client
> > coughs up
> > the money, you will have no way of accounting for how that money
> > was
> > received but a simple adjustment allows you to reverse the bad debt
> > write
> > off and then record the payment against the original invoice.   
> > 
> > When you make a payment against an invoice normally, you do not
> > change the
> > amount of the invoice, itself but you increase the amount of an
> > asset(bank
> > account) and decrease the amount of the Accounts receivable (also
> > an asset )
> > by the same amount.
> > 
> > The invoice creates an increase in an income account  and an
> > increase in the
> > Accounts receivable when it is posted to you accounts. In the case
> > of a bad
> > debt you do not adjust the income but an expense account which has
> > the same
> > effect on your profit. Expense accounts can be regarded as contra
> > income
> > accounts.
> > 
> > This way your accounts contain a record of the events as they
> > affected your
> > finances at the time the events occurred. If they are annotated
> > well enough
> > anyone can reconstruct the sequence of events as recorded
> > 
> > David Cousens
> > 
> > 
> > 
> > -----
> > David Cousens
> > --
> > Sent from:
> > http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html
> > 
> > 
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