[GNC] The correct way to account for prepaid things that comes with bonuses
Gyle McCollam
gmccollam at live.com
Mon Dec 6 12:23:23 EST 2021
That looks correct to me. However, I don't like to classify a "Bonus" as Income, unless they are taxable. I would record it as a negative expense, again if it is not taxable. That is how I record cash back on my various credit cards, it is more of a purchase discount than an income amount.
Thank You,
Gyle McCollam
Gyle McCollam
609.680.2326 Mobile
gmccollam at live.com<mailto:gmccollam at gyleshomes.com> email
________________________________
From: gnucash-user <gnucash-user-bounces+gylemc=gmail.com at gnucash.org> on behalf of Mattia Rizzolo <mattia at mapreri.org>
Sent: Monday, December 6, 2021 12:01 PM
To: gnucash-user at gnucash.org <gnucash-user at gnucash.org>
Subject: [GNC] The correct way to account for prepaid things that comes with bonuses
Hi!
I wanted to more correctly account for the local "moped sharing" company
we have here, which offers to buy a prepaid package that comes with a
bonus.
In this case, I bought a 90€ package that comes with a 40€ bonus, so my
in-app wallet is credited with 130€.
I planned to store that 130€ in Assets:PrepaidExpenses, to be whittled
down whenever I do rent a moped, at which point it's expensed.
Now, that sounds all fine to me, but I'm not really sure where those 40€
should come from.
Right now I did:
2021-10-08 Buy package
Assets:PrepaidExpenses:Moped 130.00
Liabilities:CreditsCards:…… 90.00
Income:Bonuses 40.00
2021-11-04 Rental
Assets:PrepaidExpenses:Moped 4.93
Expenses:Travel:Rental 4.93
(etc)
But I don't think that should really come from Income: :\
Opinion/suggestions/recommendations? :)
Thank you in advance!
--
regards,
Mattia Rizzolo
GPG Key: 66AE 2B4A FCCF 3F52 DA18 4D18 4B04 3FCD B944 4540 .''`.
More about me: https://mapreri.org : :' :
Launchpad user: https://launchpad.net/~mapreri `. `'`
Debian QA page: https://qa.debian.org/developer.php?login=mattia `-
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