hi how do you track invoices in ynab ? we purchace items for our business and dont pay them for 60 days as this is how we get paid (in the uk) so how do i track these in ynab ?
One approach is to use a Tracking account as an Accounts Receivable register. Enter the invoiced amount directly in that account. When paid, record in checking as a transfer from the AR, categorized as To Be Budgeted.
However, you may find that a dedicated business accounting tool provides other things you might want.
Hi martin farrow !
When you have a moment, heck out this article on how to set up a business budget. It goes in details about the approach dakinemaui mentioned.
We also have a number of business blog posts that Jesse has written!
- Goodbye Quickbooks: You Need a Separate Business Budget
- Moving YNAB to YNAB
- YNAB’s Business Category Setup in YNAB Revealed.
- Goodbye Quickbooks: Use YNAB to Track Accounts Receivable
- Success Story: How YNAB Helped Me Launch A Profitable Business
Keep in mind that they were created based off of our previous version of YNAB (YNAB 4) so you won't recognize some of the screenshots. The information is all still relevant, though! :)