How to handle an insurance reimbursement

[Robert C. Ramsdell III]

So create an account 'Car Repair'.  Go get the receipts from the repair
and enter them into this account (maybe as a transfer from Equity, or
wherever you derived your initial balances from), then immediately enter
the deposit with the money coming _from_ the Car repair account. 

That way the deposit will appear in your cash flow, but not as income,
but rather to offset an expense.

Robert

On Wed, 2005-06-22 at 07:42 +0200, Bob Alexander wrote:
> Yesterday in my mail I have received a check from my insurance company 
> as a reimbursement of the expense of replacing my car's windshield.
> 
> The fact that is puzzling to me is that the expense of replacing the 
> windshield and also the insurance premium (dunno if it's the right term 
> ... I mean what I pay to the insurance to be covered), in time are 
> BEFORE I started this accounting.
> 
> So when I go to the bank and give them the check I know that I should 
> enter that on my gnucash checking account but I am confused on which 
> other account to balance it on.
> 
> I feel it's not an "income", but what ?
> 
> As always thanks for your warm support,
> Bob
> 
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> 
-- 
Robert C. Ramsdell III
5528 Middaugh Avenue
Downers Grove, IL 60516
(630) 435-1776
rcriii at ramsdells.net