[GNC] Selling an unpaid invoice to another business at face value?

[Adrien Monteleone]

I'm not sure that adds much clarity.

Your initial description appeared to be that you had two business 
entities and you were transferring old debts owed to the first entity, 
to a new one - where you control/own both.

Now it appears that you are 'selling a debt' owed by one entity, to 
another who will ultimately pay it.

I'll refer you back to both Michael & David's reply in your linked thread:

#1 - (Michael) How would you do this on Pen & Paper accounting?

#2 - (David) This is a ultimately a legal question. Get that straight 
first. Then once you get official advice on how to record this, you have 
your answer, but if you are having trouble entering the transactions, we 
can help.

We cannot advise you *how* this should be recorded. We can only help 
with the mechanics in GnuCash.

-----

For a more general case of transferring the Receivables balance from one 
'customer' to another, you would need to employ an intermediary account.

Investigate the concept of 'Allowance for Doubtful Accounts' and 'Bad 
Debt Expense'.

Regards,
Adrien

On 12/5/23 7:52 AM, Morgan Read via gnucash-user wrote:
> This is a follow up, with - I hope - a bit more precision and clarity - 
> to this post:
> https://lists.gnucash.org/pipermail/gnucash-user/2023-August/108615.html
> 
> I wish to sell an unpaid invoice made out to business A (old debtor) to 
> another business B at face value - I raise an invoice to business B for 
> the sale of the invoice with the value of the invoice made out to 
> business A.  How do I transfer the new amount now owed by business B 
> (new debtor) to clear the debt of business A?
> 
> I had thought that the process described clear an invoice against a 
> credit note might be adapted to work.  However, it does not seem 
> possible to get more than one customer to show in the Process Payment 
> window.