Accounting best practice question

[Ron Morse]

On Friday 02 February 2007, Eric Ladner wrote:
> For debit items coming in from other places (i.e. a reimbursement
> on a credit card, cash from another person for something I bought
> for them that shows up as a line item), what's the best way to
> reflect this in the accounts?
>
I just set up one sub under "other income" for "non-taxable" and put 
all that kind of stuff that I don't track discretely -- like rebates, 
refunds, pay-backs, etc. -- that pay by check and therefore generate 
a bank transaction, there.