[GNC] The correct way to account for prepaid things that comes with bonuses

[davidcousens49 at gmail.com]

Mattio,

It is possible more correctly described as a discount on the expense so instead
of crediting an Income:Bonuses account you could credit what accountants call a
contra account to Expenses:Travel:Rental which couuld be named
Expenses:Travel:Rental:Discounts which sums into the parent expense account,
i.e. it is essentially a price reduction. This would allow you to keep track on
both the original expense and the economic benefit you receive by the bulk
purchase The moped owner is essentially compensating you in part for the extra
interest he earns on the money you have deposited with him in advance.

However if your jurisdiction were to tax such discounts, treating it as income
will likely be more appropriate. It is really the tax treatment which decides
how best to account for it.  
If you are unsure consult an accountant in your jurisdiction.

David Cousens 
On Mon, 2021-12-06 at 18:01 +0100, Mattia Rizzolo wrote:
> 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!
> 
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