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Gnucash 2.4 Small Business Accounting by Ashok Ramachandran

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Summary

We learned a lot in this chapter about keeping track of payments when we sell to our customers on credit as well as when we make purchases on credit.

Specifically, we covered:

  • Creating customers and invoices: We learned how to add new customers to our business database, how to create invoices, how to keep track of payments due, as well as how to process payments when we receive them.
  • Creating vendors and entering bills: We saw how to add vendors to our database as well as how to enter bills as and when we receive them.
  • Reports of invoices and bills: We also saw how to create reports that will help us to follow up on payments due to us as well as payments we owe.
  • Setting the starting invoice number: Even though GnuCash doesn't provide a means ...

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