Entering a credit

[Derek Atkins]

gnucash at ew.ewheeler.org writes:

> On Mon, 12 Jan 2009, Robert G Palmer Jr wrote:
>
>> Yes, you could record as a payment, which is my current work around.
>> I created a "Income:Misc Credits" account and make payments using
>> that as the Income account.  The problem is that this is NOT correct
>> double entry book-keeping.  A payment INCREASES the amount in an
>> INCOME account.  This credit should really DECREASE the amount in the
>> A/R account.
>
> Create a new invoice with a qty of -1 and a dollar amount in the amount of 
> the credit (or, qty=1 and negative dollar amount).  You could apply this 
> to the Income:Misc Credits account which will go negative to reflect that 
> your total income is sum(income)-"misc credits"  This is perhaps better 
> than creating a negative payment since creating an invoice does effect AR.

This isn't supported..  You cannot post a negative invoice.

> -Eric

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
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