This is just one entry amongst 100’s, but let’s analyse just this one:
- a Sales Invoice 2017-01-30 which
- tracks sales to an income account (“Sales-MLEN”)
- creates a like, but reverse entry into an asset account (“A/R-Menulog”)
- I do not allocate GST to the A/R account and track it once through the original sale
I now have a negative balance in the A/R-ML which is an asset account.
There is no entry for this sale (I assume because no cash has exchanged hands
Why does the above sales invoice (right at the very top) NOT appear in here?
I’ve been trying to guess at and arrive at solutions that work and make the balances “adjust”, but I can’t wrap my head around it, and it’s not adjusting.
Those receipts into the cash at bank account adjust the A/R-ML, but the sale invoice (creating part of the sale to which that receipt relates) does not.
edit: added A/R payment of 2017-02-02 to show it’s on the same A/R account
This is leading to errors elsewhere in manager and I am not confident of the data I am sending my accountant.
I am registered for GST on a cash basis as per my accountants recommendations. It is not an option to change to accrual method of accounting. Please, let us not enter into a discussion or debate on which it should be.
I believe this is the same bug as I reported the other day (Stock on hand, why is manager telling me I have so much?), except this is about account balances rather than inventory
This has become pretty urgent.