[GNC] transaction report I think

[Robert Bower]

Michael,

Thanks for your help on understanding on how things work.  I think I 
understand now.  Also thanks for the work around.

On 12/16/24 17:59, Michael or Penny Novack via gnucash-user wrote:
>
>> What I would like the report to show is on deposits rather than 
>> accounts receivable show I would like the Dues account to show or the 
>> appropriate income transfer account. 
>
> Ah, you have run into the difficulty of using stuff intended for 
> "accrual basis accounting", but like many orgs you want to record dues 
> "cash basis accounting". I believe the only reason you are not seeing 
> this on the other side (when paying bills) is that you are not 
> entering them as expenses when received (accounts payable). If I 
> understand, you want to be able to invoice members but NOT consider 
> dues income until actually received << proper; dues are NOT legally 
> receivable when invoiced, renewing membership is voluntary >>
>
> Suggestion --- review the tutorial with regard to the difference 
> between "accrual basis" and "cash basis" accounting. Only when you 
> have some understanding of that can I help you with possible work 
> arounds << to be able to produce invoices for dues but NOT be on 
> "accrual basis" >> When you think you understand, you'll know what you 
> will be asking for, and I'll be able to help*.
>
>> Also to have credit and debt swapped.  Not having accounting 
>> background I'm sure it is something I need to do or setup.  If you 
>> can point me in the right direction I would be appreciated. 
>
> Did you mean "debit"? LOL, a debit in your books is the opposite of 
> your debt. Came from Latin "he owes" (me)
>
> The bank account in your organizational books is the opposite of that 
> bank account in the bank's books. On YOUR books a "debit" means the 
> bank owes you that money. On the bank's books they owe you that money: 
> "credit" again from Latin "he trusts" (you). Latin because double 
> entry bookkeeping is that old educated Europeans communicated in it if 
> otherwise speaking different languages.
>
> Debit is always to the left, credit to the right. In OLD FASHIONED 
> ledger books, left hand page and right hand page.
>
> Michael D Novack
>
> * If you are not doing accrual basis books (most orgs use cash basis) 
> you can set up a second set of books not used to enter transactions, 
> just to generate invoices for dues/memberships/etc. That' the EASIEST 
> workaround
>
>
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