Need some help with Split Transactions

[weiv]

Actually, the Income:Ebay Income money should end up somewhere,  
probably in your checking account.

I would do something like:

Assets:Checking $22
Expenses:Shipping $10
Income:Ebay Sale $32

Or:

Assets:Checking $22
Expenses:Shipping $10
Income:Ebay Sale $30
Income:Handling $2

Hope this helps.

Regards,
v.

On Apr 8, 2007, at 5:15 PM, K-B wrote:

>
> Hello all, I'm having a little trouble figuring out the correct way  
> to enter
> my transactions, I'm pretty sure it's possible to do it with Split
> Transactions but I don't understand the split transaction well enough.
>
> Here's an example of what I need:
> I sold XXXX item on ebay for $20.00. The person pays me a total of  
> $32.00,
> with the grand total broken down like this:
>
> Item cost:  20.00
> Shipping cost: 10.00
> Handling Charged: 2.00
> Total: 32.00
>
> Now the way I thought I could record a transaction like that in  
> GnuCash is
> using a Split Transaction, but it doesn't turn out right. My idea  
> was like
> this:
>
> --- In an account called "Income:Ebay Income":
> - Make a new transaction with $32.00 in the Income field
> - Split off $10.00 into an account called "Expenses:Shipping"
> - Split off $2.00 into an account called "Income:Handling"
> - What's left (20.00) should stay in this account
>
> But that method doesn't work! It always comes up with an Imbalance.  
> What I
> had wanted to do is enter the total amount paid by the customer,  
> then put
> the Shipping into it's correct account, then the Handling into it's  
> correct
> account. After I take off those two, what's left would be what the  
> cost of
> the item was, before shipping & handling. And that would stay in  
> the account
> where the transaction is based (i.e. Income:Ebay Income)
>
> Any ideas on how to achieve this or what I'm doing wrong?
> -- 
> View this message in context: http://www.nabble.com/Need-some-help- 
> with-Split-Transactions-tf3545253.html#a9896928
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