Bookkeeping Question - Credit Against Future Charges

[Mike or Penny Novack]

On 12/18/2016 3:09 PM, Benjamin Soffer (SLF) wrote:

>    How do I account for this credit
> in my own books?
>
>   
Probably as a "prepaid expense" << which similarly cannot be applied to 
something else >> If it turns out that you never get to use this, would 
be adjusted the same way other prepaid expenses that are not refundable 
are written off.

This sort of question isn't about gnucash. If you aren't going to use a 
professional to answer this sort of question, you really need to obtain 
an accounting text or two suited to your sort of business.

Michael D Novack