[GNC] How to code merchant refunds

[Stephen M. Butler]

On 3/24/21 7:48 AM, Mike via gnucash-user wrote:
> So you suggest I go to the original entry and reduce the amount spent 
> by the amount refunded?
>
> Mike

Nope.  New entry with a new date but affecting the same expense account 
but in the opposite direction.

--Steve


> 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

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