[GNC] How to code merchant refunds

[Mike]

Thanks. I should have RTFM. I found the explanation and it makes sense.

Mike

On 3/24/21 9:54 AM, Charles Vincent wrote:
> No... you make a new entry with the date of the refund, mentioning 
> refund , same expense code, and a negative amount in the expense 
> column ( i.e. a credit to the expense colum) reducing the amount of 
> the expense
> Charles
>
> On Wed, Mar 24, 2021, 15:51 Mike via gnucash-user 
> <gnucash-user at gnucash.org <mailto:gnucash-user at gnucash.org>> wrote:
>
>     So you suggest I go to the original entry and reduce the amount
>     spent by
>     the amount refunded?
>
>     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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