[GNC] Help

[Jeff]

Thanks David,
After about 9 years of using GnuCash, I've also found myself now having 
to write off a couple of non-paying invoices.
Thanks for the link, it explains it a bit better, I think I will try it 
on a test system first, just to make sure I understand the steps correctly.

Thanks,
Jeff.

On 22/6/22 09:20, davidcousens49 at gmail.com wrote:
> Eric,
>
> The image you attached did not appear to contain anything. Presumably you raised
> an invoice when you billed the client which would have created an entry debiting
> Accounts Receivable and crediting the appropriate income account.
>
> To record the bad debt you would create a transaction which credited Accounts
> Receivable and debited Expense:Bad Debts. This will cancel out the amount
> credited to Income in the original invoice. I had no difficulty creating such an
> entry in V4.10 with a test account setup for the business features. There was no
> limitation on the account selection when I created the transaction in the
> Accounts Receivable register.
>
> The Help manual
> https://www.gnucash.org/docs/v4/C/gnucash-help/busnss-ar-payment1.html has a
> description of how to do this using the process payment process which does have
> a restriction on processing the payment to an expense account. The key is to
> select an asset account (e.g. cheque account) when creating the transaction in
> Process payment and then after the transaction is created change the account
> from the asset account to the Expense:Bad Debt account. It is only the process
> payment procedure which has a restriction on the type of account you can select
> for a payment and there is no way that GnuCash could internally differentiate
> between a payment to an Bad Debts expense account and any other expense account
>   as there isn't a specific account type for bad debts.
>
> David Cousens
>
> On Tue, 2022-06-21 at 19:43 +0000, Eric Hammond wrote:
>> I was not paid by a client, and have 'written it off', but how do I book it in
>> GnuCash?
>> Standard business practice is to post it in to an expense account such as 'Bad
>> Debt' or 'Uncollectable'.
>> I have created the account 'Expenses:Bad Debt' but GnuCash does not allow me
>> to select it, apparently only accepting an asset account.
>>
>> Thank you for the help,
>>
>> Eric
>>
>>
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