Confused on a split deposit transaction with cash back

[Fross, Michael]

Hello Michael,

The way I look at this is that 1700.61 is the result.  But lots of things
happened before you got that result.  You were paid a certain amount.  Then
taxes came out.  Maybe health insurance.  Then your bonus.  Then you took
out 100.

This is why there are split transactions.  1700.61 is what goes into your
checking account (typically), but all of those other amounts would go into
their accounts as well.

Take a look in the tutorial / concepts guide under accounts and under
splits.  It's pretty easy, but if you've never thought of it in this way,
it takes a few to get your mind around it.

Michael

On Thu, Jan 19, 2017 at 10:44 AM, Mike or Penny Novack <mpnovack at mtdata.com>
wrote:

> On 1/18/2017 4:44 PM, kaloa wrote:
>
>> I'm very new to both accounting and Gnucash, I can not get this to
>> work....I've got 2 seperate checks, with 100 cash taken at time of
>> deposit.
>>
>> bonus check for         667.63
>> regular paycheck for 1032.98
>> Total                       1700.61
>> Cashback                  100.00
>>
>> If I use the 1700.61 total without accounting for the cashback, I'm 100
>> off
>> in my register, the bank only shows 1600.61 as the actual deposit..how to
>> account for the 100 cash? The 100 cash keeps popping into both columns..
>> <http://gnucash.1415818.n4.nabble.com/file/n4689022/Screensh
>> ot_2017-01-18_15.png>
>>
>>
>> For now I've given up on sorting it and just put in a 1600.61 deposit
>>
>> New to both, expect to find entering "two way split" transactions tricky
> (split on BOTH the debit and the credit side).
>
> The easiest way to do THIS one.
> a) Enter this in the checking account for the amount of the deposit
> (1600.61). Split rather than enter)
> b) Change the amount of the credit to 667.63 and income account "bonus
> pay" enter.
> c) Change the Imbalance amount (credit 932.98) to 1032.98 and account
> "regular pay", enter.
> d) There will now be an Imbalance debit amount of $100. Make the account
> whatever you use for cash, enter
>
> Michael
>
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