[moneydance] handling receivables

[Keith Bates]

On Fri, 5 May 2006 17:35:32 +0100
"Nicholas Lee" <emptysands at gmail.com> wrote:

> On 5/4/06, Edward Reid <edward at paleo.org> wrote:
> >
> > Does anyone here handle receivables within MD? If so, how? Is there
> > something better than the kludge I've been using in Q?
> 
> 
> Use a  proper accounting package even for such a basic business
> level. Something like SQL-Ledger, Quaser (from Linux Canada) or Turbo
> Cash.
> 
> Using a personal accounting package which are basically just cash
> ledgers for business accounting is silly IMO.  No easy way to provide
> good audited aged report to a tax authority if they ask.
> 
> 

For accounts payable I use liability accounts. You could use asset
accounts for receivables, but it could get messy if you've got hundreds
of customers.


-- 
God bless you,


Keith Bates
4 Mooloobar St
Narrabri NSW 2390

Phone: 02 67924890
Fax: 02 67925418

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