Anyone who can help?! I've just set up all of my accounts, entered invoices/payments, but I discovered a serious issue. When I generate an invoice, it is posting it to the income account immediately, even though I haven't received the money. I need it to post to A/R when I generate it and post to the income account when I enter the payment. Is there any way to adjust what accounts are dbt/cr when I generate invoice and receive payments?

Thanks,

Tammy

All of our products use a double entry accrual accounting system. Each time you create a sale, the software will post to the A/R and the income. When you receive a payment, the A/R is satisfied leaving the income to remain. If you need the income to post only when you receive payment, which is a cash basis accounting system, then I would suggest you create either a quote or an order, then before you apply the payment, change to an invoice. This will give you the same results as a cash basis system would.