refunds: how to file?

Jason Rennie jrennie@ai.mit.edu
Thu, 08 Feb 2001 08:12:36 -0500


Andrea.Borgia@nokia.com said:
> Let's suppose I buy something with a group of friends, I pay for it
> and hence file it as an expense in gnucash. Now, when they pay for
> their share, how should I file that money? Up until now, I filed it a
> special form of income, but I feel that it is not really an income...
> just... something that should have never left my pockets at all ;-) 

I'd file it under that same expense account, hence reducing your cost for
that one thing that you bought with all your friends.  The reimbursement
that you receive surely isn't income.  If they paid you interest on the
money they owe, then you'd be receiving income :)

Jason