[GNC] Cash Accounting Method

[Derek Atkins]

Hi,

You are correct, the *business* features only account in accrual mode, not
cash.  In MOST cases this is not an issue; you just need to be careful
around accounting-period boundaries.

And FYI, Steve, this is not a new issue: 
https://bugs.gnucash.org/show_bug.cgi?id=95700

-derek

On Sun, September 12, 2021 7:53 am, Maf. King wrote:
> Just £0.02 that came to mind upon reading your message, Steve.
>
> If you are on Cash basis, then (strictly speaking) there is no need to
> ever
> have A/P or A/R accounts and ageing in your books.  If you want to create
> your
> invoices in GC, have you considered trying a workflow whereby you do not
> post
> your invoices into GC until the actual payment date?  I think you will
> still
> be able to "print" invoices from GC, but the reporting will be fully cash
> basis?
>
> Or, of course, you could create your invoices outside of GC (Writer, Calc
> etc), and just treat them as simple (ie non-invoice) txns in GC, on the
> relevant date - though I appreciate this may be doubling the data entry.
>
> As I said, this is just £0.02, and it may not work for you in practice....
> I
> will add that I managed to make GC do Accrual basis using the last version
> before the business subsystems were written (by Derek - about v1.6, IIRC),
> so
> it doesn't seem to me correct to suggest that GC "can't" do cash basis, as
> that was default behaviour in the early days.
>
> Maf.
>
>
> On Sunday, 12 September 2021 00:39:30 BST Steve Morrow wrote:
>> I spent much of today evaluating GnuCash for use with my U.S. based
>> small
>> business. I found it to be robust in its functions.
>>
>>
>>
>> Unfortunately, it only supports the accrual accounting method (income
>> and
>> expense recognized when invoiced or billed).  My business uses cash
>> accounting method (income and expense recognized at time of receipt or
>> payment).
>>
>>
>>
>> I highly recommend an enhancement to add an accounting method option for
>> accrual or cash method.
>>
>>
>>
>> This makes a big difference in reporting!
>>
>>
>>
>> Steve Morrow
>>
>>
>>
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>
>
>
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-- 
       Derek Atkins                 617-623-3745
       derek at ihtfp.com             www.ihtfp.com
       Computer and Internet Security Consultant