[GNC] Tracking UnPaid Bills

[Doug]

As a comment, I feel not having an easier form of tracking is something 
that possibly might be fixed in the future. I have Rental properties, 
& tried to set up an AP & AR for them but found it a bit daunting. 
(Awfully hard to undo too!). I do need a rental management system 
though. Most renters are good, but sometimes you have the belligerent 
one that is not reliable.
 What you have mentioned here would be usable, if there was an easy 
report to give a statement when required.

 Having an easy management system would be good for clubs & associations 
to manage fee/subs payment etc also.


On Sat, 15 Mar 2025 18:18:09 -0400
Michael or Penny Novack via gnucash-user <gnucash-user at gnucash.org> wrote:

> Yes, you COULD switch to accrual basis accounting. In which case you 
> would enter the bill into "payables" (and the example expense 
> "electricity). But doing that in personal accounting where MOST expenses 
> not billed might be excessive << you are in effect naturally "cash 
> basis" for most of your expenses >>
> 
> An alternative which you might prefer is to stay on cash basis but enter 
> a transaction when bill is received (or possibly date DUE if not "due on 
> receipt") against a liability account. In other words, you would debit  
> "electricity expense" and credit "electric account" (under liabilities). 
> When you make a bill payment, debit "electric account: and credit "cash" 
> (your bank account, probably. The balance of "electric account" would be 
> the amount you owe (it's a liability)
> 
> Michael D Novack
> 
> 
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