Talk:Quickstart Australian BAS

Hi Christpher, I am not sure exactly how GnuCash works .... thanks for the documentation you have provided.

This text looks strange to me:

"Receiving funds later:

25/10/2020 Accrual Sales Receipt
A/Receivable -$110
Asset:Bank +$100"

I would have expected the debit to bank and the credit to AR Control to be the same value. Is it a typo?

==> yes typo, good catch. fixed.

regards...

In accrual accounting the GST expense is raised when it is incurred and funds are received later, flywire