Where do I place incoming money that's not Income?

Adam Funk a24061 at yahoo.com
Sun Nov 19 15:58:37 EST 2006


On 2006-11-18, Leo Breebaart <leo at lspace.org> wrote:

> A while back my mobile phone was stolen while I was on holiday.
> Eventually, the travel insurance company paid up, and deposited
> money in my bank account.
...
> A third possibility is to place it as a rebate in
> Expenses:Tech:Hardware instead, which is where the cost for the
> replacement phone was put. I think I like this option the best,
> because there the rebate does contribute correctly to the
> subtotals in the branch. I did *not* spend X+X on two phones that
> year, I spent X+(X-R), with R being the money from the insurance.

That's how I would handle it.  That's also what I'd do with a refund
for a returned product (apply it negatively to the relevant expense
account).  (I suppose the latter case is more obvious.)



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