Setup for cashback bonus
Jason Ahrens
jason at cougarcorp.net
Mon Jun 9 08:37:51 EDT 2008
txtinman wrote:
> I was wondering how best to setup Gnucash for credit card cash back bonus
> refunds. When I tried to list it as a payment in the liability account, it
> created a charge that I could not delete without deleting the payment also.
> I'm using the cash back bonus to credit my account. should I create an
> income account? That really doesn't sound right.
>
Do you get any kind of tax implications on the cash back? Do you have to
report cash-back as income? If so, then income is really the place it
should be. Otherwise I'm sure there's a plethora of ways to deal with it.
Jason
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