[GNC] How to code merchant refunds

Stephen M. Butler Stephen.M.Butler51 at gmail.com
Wed Mar 24 13:02:13 EDT 2021


On 3/24/21 6:47 AM, Mike via gnucash-user wrote:
> How should merchant refunds be coded? Are they income?
>
> Mike White

 From the purchaser point of view:  Not income -- you will not pay taxes 
on this.  It is just a reduction of what you paid.  So a reduction of 
the expense.

 From the merchants point of view:  Still not income.  Actually a 
reduction in income as the merchant now "sells" the product for less 
than expected.

So, are you the purchaser or the merchant?

--Steve

-- 
Stephen M Butler, PMP, PSM
Stephen.M.Butler51 at gmail.com
kg7je at arrl.net
253-350-0166
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