[moneydance] handling receivables

[David Carlson]

Edward Reid wrote:
> I've just finally dived into converting from Quicken 2005 / Mac to MD.
>
> In Quicken, I kept my accounts receivable for my small business in a 
> Quicken Asset account. Very small business: sole prop, have never had any 
> employees, average one deposit per month for the past 20 years. Even so, it 
> was a stretch in Quicken, which had no concept of the invoice date being 
> different from the payment date, or of multiple partial payments, or of 
> single payments for multiple invoices. But it simply wasn't worth moving up 
> to a "business" package just to avoid a bit of kludginess in this one area.
>
> Does anyone here handle receivables within MD? If so, how? Is there 
> something better than the kludge I've been using in Q?
>
> Edward
> Art works by Melynda Reid: http://paleo.org
>
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>   
To properly do this, you need a business-oriented package, which MD or 
even Quicken Deluxe for Home and Business is not.  I am ignorant about 
Quickbooks, but a lot of small businesses do use it.  Google business 
accounting software.  I know there are a few inexpensive or open source 
packages around.

Just because I sometimes want to document float, especially around year 
end when I sometimes deposit last year's income in the following year, I 
have accounts named AcctsRec and AcctsPay to track those odd ones.  That 
would be too cumbersome for a business, though.

Dave