Tips and change

Colin Law clanlaw at gmail.com
Wed Jul 8 06:13:05 EDT 2015


On 8 July 2015 at 03:51, Jonathan Garber <jonnathan500 at gmail.com> wrote:
> I am so unsure about what to do about these basic transactions. I am hoping
> someone can give some support to me about these situations.
>
> I get paid a check for which includes a $10 tip. Even though I have to
> deposit the entire check into my bank account, would I only list the income
> as $40?

Have two income accounts, Income:General and Income:Tips for example.
Then enter a split transaction so that it shows 40 from
Income:General, 10 from Income Tips and 50 going into the bank (or
whatever the figures are, it is not clear from you example).

>
> Also, when I get a check and have to give change from my petty cash, how do
> I record that in GNU?

This is slightly trickier to get your head round. Enter a split that
shows, for example 45 from Income:General, 5 from Assets:Cash and 50
into the bank.  Effectively you have received income of 45 and
transferred 5 from cash into the bank.  You can see that because your
cash in hand has gone down by 5, the bank balance has gone up by 50
and the actual income you received was 45.

I have similar problems when I go to our local supermarket.  I have to
pay parking in cash, but the parking is refunded by the supermarket if
I buy enough before I pay on the credit card.  I rely on gnucash
remembering the previous supermarket transaction to help me remember
which way round to put the splits.

Colin


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