From e30eefe9c621d12a8389b3daa750a61548e9ab23 Mon Sep 17 00:00:00 2001 From: Simon Michael Date: Thu, 8 Jan 2026 13:16:14 -1000 Subject: [PATCH] invoicing --- src/Invoicing.md | 10 ++++++---- 1 file changed, 6 insertions(+), 4 deletions(-) diff --git a/src/Invoicing.md b/src/Invoicing.md index 2a8d325..862f3d9 100644 --- a/src/Invoicing.md +++ b/src/Invoicing.md @@ -38,10 +38,10 @@ Revenue is recorded when money is actually received: assets:checking $1000 ``` -### Plus invoices +## Tracking invoices with cash accounting -In Cash accounting, invoices are not always tracked. -If you want to track them, you can use equity to balance the transactions, as follows: +Invoices are strictly speaking not part of cash accounting. +But if you want to track them, you could use equity to balance the transactions, as follows: ```journal 2020-02-01 * (202001ab) AB Inc. | invoice for work done in january @@ -55,7 +55,7 @@ If you want to track them, you can use equity to balance the transactions, as fo assets:checking $1000 ``` -Or use unbalanced postings: +Or use unbalanced postings (use a special top level account to avoid unbalancing the accounting equation, if you care about that): ``` 2020-02-01 * AB Inc. | invoice for work done in january @@ -84,6 +84,8 @@ with additional postings to track and save for tax owed: assets:checking $850 ``` + + ### Cash accounting plus invoices plus estimated tax Another example: