[GNC] Cash Basis Accounting

[Michael or Penny Novack]

On 1/6/2022 3:02 PM, Rich Shepard wrote:
> On Thu, 6 Jan 2022, R. Victor Klassen wrote:
>
>> The only problem being if you want to send the invoice to your customer,
>> it says “invoice in progress”.
>
> Since I don't use GC to prepare client invoices it's not an issue for 
> me. I
> use LaTeX for invoices. 

But somebody who like Rich is invoicing "clients" is perhaps not doing 
sales but a service and only needs "income from clients" on a cash 
basis. Could do that by having a contra account (usually zero) with a 
name like "client income not yet received". Then a single adjusting 
before (balance of AR to "not yet received" and a single after ("not yet 
received to" AR) should do the trick.

Michael D Novack

PS -- Or somebody who wants to produce invoices to send to customers but 
is on a cash basis COULD still use gnucash for that. Simply another set 
of books used JUST for producing the invoices.