[GNC] Credit Card Rewards Refund

[paul at kroitor.ca]

" will mask the true cost of whatever was purchased"

It's all a matter of perspective. If I want 100 widgets at $10, but know I get 2% back on my credit card, I might look at that as a $980 item. The fact that I pay $1,000 now and get refunded $20 later is a cash flow issue.

Not that I actually do that: take the diametrically opposed approach of deliberately forgetting that anything is ever coming back. Then my wife eventually finds a large rewards balance and uses it to pay for her vacation.

-----Original Message-----
From: gnucash-user <gnucash-user-bounces+paul=kroitor.ca at gnucash.org> On Behalf Of Steve Welch via gnucash-user
Sent: October 14, 2021 9:23 AM
To: rsbrux <rsbrux at yahoo.com>
Cc: gnucash-user at lists.gnucash.org
Subject: Re: [GNC] Credit Card Rewards Refund

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. 

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