My Starbucks challenge

Maf. King maf at chilwell.net
Sat Nov 14 05:12:45 EST 2015


On Fri 13 November 15 23:35:28 Steve wrote:
> One of my asset accounts is my Starbucks card.
> 
> If I want to load the card with $10 from my checking account, it's an easy
> allocation to my Starbucks asset account.  If I later spend $5 off my
> Starbucks card, it's an easy deduction from my Starbucks asset account and a
> credit to my dining expense category.  Works well.
> 
> Here's my question.  I buy a Groupon (or similar promotion) for Starbucks
> for $10, worth $15 (which I transfer at the Starbucks site onto my Starbucks
> card).  I pay the $10 for the Groupon out of my checking account and it's
> credited to my Starbucks asset account.  What's the best way to get the
> other $5 to show up in the Starbucks asset account?  For the time being,
> I've been putting an entry for the $5 in this example in the Starbucks
> asset account and allocating it to equity open balance which I realize
> makes no sense.
> 
> Ideas?
> 

Hi Steve.

Income:GrouponOffers  ?

Just remember to exclude it from your reports at tax time!

0.02, IANAA
Maf.



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