[GNC] How can I refund this payment through PayPal, using business feature?

[Dr. David Kirkby]

On Wed, 21 Dec 2022 at 21:39, Adrien Monteleone <
adrien.monteleone at lusfiber.net> wrote:

> I don't see why you went through the trouble of steps 2-4.


Thank you. I  showed my accountant my proposed layout and he didn’t
comment. Maybe he didn’t notice.

I will remove those accounts and start entering the transactions for about
the 4th time.  😢😢😢😢 It’s obviously sensible to start right.

I believe that Accounts Payable will need sub accounts for GBP, USD and
EUR. Not having three Accounts Payable in each currency should make posting
bills easier, as I will not have to select Bank, PayPal or eBay. If there’s
only one choice with the matching currency I assume that GnuCash with know
where to post.

>
>
> I suppose if you managed to get back to zero, no harm no foul, but I'd
> anticipate you're going to have a big mess in the future with that setup.


Okay, I will start again.


> AP is usually one bucket - for all payables. GnuCash tracks each vendor
> for you, and neither your Bank, nor PayPal are vendors either. They are
> sources of funds, thus Assets.


I have not set them up as vendors.

>
> This shouldn't be much different than cancelling a paper check, or
> getting an ACH or Credit Card partial refund.
>
> Regards,
> Adrien


Thank you for your help.

>
Dave

> --
Dr. David Kirkby,
Kirkby Microwave Ltd,
drkirkby at kirkbymicrowave.co.uk
https://www.kirkbymicrowave.co.uk/
Telephone 01621-680100./ +44 1621 680100

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