receiving payment on invoice is not catagorized as income


A

aj

I need Money to catagorize a received invoice payment as
income. Currently, if I mark the invoice as paid it will
add it as a deposit to the account but it is catagorized
as "special" as opposed to income. So when I run my P&L
reports all those paid invoices do not show up as income!

Of course I can change the category to income but then I
lose the ability to track that a certain invoice has been
paid.

Anyone know how to do this so that the invoice still shows
paid and the deposit shows as income?

Thanks!
 
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L

Lew

IIRC the income shows up (sales income?) when the invoice is generated, not
when paid. I've only recently started using the invoice feature & like to
never figured this out. It is "standard accounting procedure" to show a
sale as revenue when you make it & you write it off if you don't get paid
for it; not my favorite way of doing things (seems like the hard way; show
the revenue if & when paid seems so much simpler). Fortunately my sales are
all paid very soon after they are made (ebay).

Lew
 

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