Re: [SL] AR balance sheet vs trial balance vs outstanding

[<ma...@hu...>]

>  My accounting is on a cash basis, and I am generating the balance sheet
> [1] and seeing a line for AR in assets.

I have seen this too, and have not yet been able to figure it out.

One potential cause (I believe) is if you have invoices that are dated in
2005 but were paid in 2006.  As I understand it, the invoice date and cash
payment must be in the same year for cash-basis reports to work as you
would expect them to.

But even when I went through all open 2005 invoices and changed their
dates to 1/1/2006 and closed the year, I still saw a non-zero A/R balance
for 2005.  It was pretty small, so I didn't bother to track it down, but
it's on my todo list.

I think it is an artifact of some combination of transaction dates.

HTH,

m