Cash Back Rewards

[Les]

Thanks, Gerald.  I don't like using an income account for cash back
because it is more like a refund for a return, etc.  So, I went with the
previous suggestion of adding a rebate expense account.


On 03/16/2017 04:24 PM, Gerald wrote:
> I have a similar issue with several credit cards and senior discounts.  I do
> not know if this is the best solution or not, but what I have done is to
> create an Income:Other Income account and split my CC rebates along with
> other miscellaneous sources if income (such as cash loans repaid) to this
> account.  Just be sure that this account is NOT included in your tax
> returns, since none of the sources report this information to the IRS.
>
>
>
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