[GNC] Is "Transaction -> Add Reversing Transaction" on menu okay for a refund?

[R Losey]

I've not used the "Add Reversing Transaction" -- if the entity (in your
case, Paypal) treats it as two transactions, I'd enter a second transaction
identical to the first one, having the 60p in the other column. We have had
cases where the transaction was actually canceled instead of refunded... in
this case, I'd delete the original transaction.


On Tue, Dec 27, 2022 at 8:15 PM Adrien Monteleone <
adrien.monteleone at lusfiber.net> wrote:

> On 12/25/22 7:04 AM, Dr. David Kirkby wrote:
> > I made a transaction with PayPal for £0.60 on 28/03/2022, then cancelled
> it
> > the same day. Is simply adding a reversing transaction on the menu okay
> for
> > a refund?
> >
> > I previously put the wrong date (today) on a transaction that took place
> in
> > March, so I reversed that using the  "Transaction -> Add Reversing
> > Transaction" on menu. I noticed it showed up as "Refund" in the vendor
> > report - see attached. So I'm wondering if I can just reverse this
> > transaction for £0.60. Or is the correct way to do this more complicated?
> Too complicated.
>
> Just change the date.
>
> Regards,
> Adrien
>
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-- 
_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8