[GNC] Credit Card Rewards Refund

Steve Welch steve.welch.1 at icloud.com
Thu Oct 14 09:22:53 EDT 2021


One further thought:  treating rewards as a negative expense will mask the true cost of whatever was purchased.  If you stop using your rewards card, suddenly your apparent expenses will go up. 

Both professionally and personally I generally prefer to not muddy expense accounts with negative entries unless it really makes sense. 

Sent from my iPhone

> On Oct 14, 2021, at 8:34 AM, rsbrux via gnucash-user <gnucash-user at gnucash.org> wrote:
> 
> I have a credit card which, like a few others, accrues a small percentage (1-2%) of the amounts spent as a rebate.  The rebate isn't subtracted from each charge, but accumulates in the card account as "Reward Points" until I cash them in.  The amount is then credited to the card account as a payment.  Should such payments be recorded as income or as a negative expense?
> 
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