Source for "bonus" money on gift card

[Paul Schwartz]

----- Original Message ----
> From: Phil Longstaff <plongstaff at rogers.com>
> To: Jason <jason at cougarcorp.net>
> Cc: gnucash-user at gnucash.org
> Sent: Saturday, June 14, 2008 10:41:35 AM
> Subject: Re: Source for "bonus" money on gift card
> 
> Jason wrote:
> > In the area here, we had a department store doing a gift-card "bonus" of 
> > 10%.
> > 
> > What happened is, you buy a gift card (say, $300) they add an extra 10% 
> > to it ($30) giving you a total gift card balace of $330. You can then 
> > use the card to buy anything in the store.
> > 
> > The interesting part now comes in how to record where this 'extra' $30 
> > comes from, accounting wise? I'm half tempted to mark it as 'gift' 
> > income from the store, but am not sure that is right. If I were to do 
> > that, I'd put $300 on my payment vehicle, and $30 from my "income: gift" 
> > account.
> > 
> > IS this the 'right' thing to do? Sticker price for everything stays the 
> > same so all the receipts just show a payment with a gift card with $330 
> > on it.
> > 
> > Thanks
> 
> I would use income:gift.
> 
> Phil

I would credit against expenses as a rebate. Why mess up the income picture?

JMNSHO

Paul