Add balance to ledger once invoice has been marked paid

ERPNext Selling/CRM
1

Hi,

I’ve created an invoice with the due date of 31st of January next year, but it is not yet paid and it is accounted for in the ledger. Is there a way to make it so that only paid invoiced are reflected in the ledger?

The value is currently reflected under Accounts Receivable which is good, but also Direct Income > Sales and Current Liabilities > Duties and Taxes.

Thanks!
Emil

2

What you are describing is cash-basis accounting. ERPNext can do it with Journal Entries, I believe, though the system is really more set up for Accrual accounting.

I’m far from an expert in cash accounting, but you wouldn’t use accounts receivable I don’t think. Your invoices would not be accounting documents in the same way.

1 Like
3

Thanks @peterg. I suppose I’ll have to live with it if there isn’t a simple way to do it. I do not wish to reconfigure ERPNext beyond recognition :slight_smile: Thank you for your reply and ave a wonderful weekend ahead!