[GNC] Credit note posting to an expense account (Adrien Monteleone)

[davidvernonlong at gmail.com]

Hi Adrien,
In my version of GnuCash I am not able to select an expense account at an
item level when creating the credit note. Only Income, asset or liability
accounts. It's the 5th column entitled "income" where I select the account.
Please check and tell me if I have misunderstood.
Best
David Long

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Today's Topics:

   1.  Credit note posting to an expense account
      (davidvernonlong at gmail.com)
   2. Re:  Credit note posting to an expense account (Adrien Monteleone)
   3.  Morningstar dumping free services, free quotes might be
      under attack? (David G. Pickett)


----------------------------------------------------------------------

Message: 1
Date: Sat, 25 Jun 2022 17:18:06 +0100
From: <davidvernonlong at gmail.com>
To: <gnucash-user at gnucash.org>
Subject: [GNC] Credit note posting to an expense account
Message-ID: <004101d888af$2727be40$75773ac0$@gmail.com>
Content-Type: text/plain;	charset="us-ascii"

I wish to create a credit note in A/R and post it to an expense account.
The only options I see are to post to an income, liability, or asset
account, and I can well understand why, as in most business processes a
credit note represents a negative income.  The only work around I can find
is to post to an intermediary account, for example a suspense account in
liabilities, and then post out of that account in a second transaction to
the expense account.  Is there any other way?

For background, it's for a member's club where all members are invoiced for
membership and services in A/R, and sometimes members incur expenses on
behalf of the club, which I wish to credit to their account and debit to the
appropriate expense account. A credit note provides a nice document to
provide them with.

Thanks

David Long



------------------------------

Message: 2
Date: Sat, 25 Jun 2022 13:32:18 -0500
From: Adrien Monteleone <adrien.monteleone at lusfiber.net>
To: gnucash-user at lists.gnucash.org
Subject: Re: [GNC] Credit note posting to an expense account
Message-ID: <t97kbi$17qb$1 at ciao.gmane.io>
Content-Type: text/plain; charset=UTF-8; format=flowed

The credit note should be posted to A/R, but the line item(s) in the note
can be posted to expense accounts.

Except for the reverse posting (credit vs. debit) they are the same as
invoices & bills.

Regards,
Adrien

On 6/25/22 11:18 AM, davidvernonlong at gmail.com wrote:
> I wish to create a credit note in A/R and post it to an expense account.
> The only options I see are to post to an income, liability, or asset 
> account, and I can well understand why, as in most business processes 
> a credit note represents a negative income.  The only work around I 
> can find is to post to an intermediary account, for example a suspense 
> account in liabilities, and then post out of that account in a second 
> transaction to the expense account.  Is there any other way?
> 
> For background, it's for a member's club where all members are 
> invoiced for membership and services in A/R, and sometimes members 
> incur expenses on behalf of the club, which I wish to credit to their 
> account and debit to the appropriate expense account. A credit note 
> provides a nice document to provide them with.



------------------------------

Message: 3
Date: Sat, 25 Jun 2022 20:43:24 +0000 (UTC)
From: "David G. Pickett" <dgpickett at aol.com>
To: "gnucash-user at gnucash.org" <gnucash-user at gnucash.org>
Subject: [GNC] Morningstar dumping free services, free quotes might be
	under attack?
Message-ID: <1656800926.185972.1656189804399 at mail.yahoo.com>
Content-Type: text/plain; charset=UTF-8

As I looked at my publicly traded portfolio today on Morningstar, they told
me they are dropping the free basic services.? It's a sad trend after so
many years.

I am worried we might lose some of our gnuCash free quote servers.? Of
course, gnuCash perl quotes itself can only be modified by generous parties
to chase new sources that may remain viable.

------------------------------

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