[GNC] Cash Basis Accounting

Don Gray holyfeld at att.net
Thu Jan 6 09:50:38 EST 2022


Rich and Victor,

> What I do, on the advice of my previous accountant who's now retired, is not 
> to enter an A/P or A/R invoice until payment is made or received, 
> respectively. That way what you see is what you have. 
Simple solution - I unposted the invoices which removed them from the Profit/Loss statement.

In the future I'll not post invoices until I receive payment.

Thank you!


Don Gray
Exploring Human Systems in Action
+1(336)414-4645

Tomorrow belongs to those who can hear it coming. - David Bowie 


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