[GNC] How to code merchant refunds

[Robert Heller]

At Wed, 24 Mar 2021 09:48:29 -0500 Mike <txtinman at yahoo.com> wrote:

> 
> So you suggest I go to the original entry and reduce the amount spent by 
> the amount refunded?

No, you add a split to account for the refund.  You will actually add two 
lines to the transaction, one for the expense account (that will reduce the 
expense by the amount of the refund) and one for the account used to pay for 
the expense (and is presumably the account receiving the refund).

See attached register.

> 
> Mike
> 
> On 3/24/21 9:27 AM, Michael or Penny Novack wrote:
> > On 3/24/2021 9:47 AM, Mike via gnucash-user wrote:
> >> How should merchant refunds be coded? Are they income?
> >>
> >> Mike White
> >> _______________________________________________ 
> >
> >
> > I would think better to consider a reduction of the expense. If you 
> > treated as income, equivalent to an overstatement of both income and 
> > expense.
> >
> >
> > Michael D Novack
> >
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>                                                                            
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