[GNC] Credit note posting to an expense account
Michael or Penny Novack
stepbystepfarm at comcast.net
Mon Jun 27 11:25:09 EDT 2022
> n 6/26/22 11:17 AM, davidvernonlong at gmail.com wrote:
>> 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
This MIGHT be a slight misunderstanding about the difference between
accounts of type "income" and "expense" (as well as how they are the
same. Both are "temporary" accounts of fundamental type equity and
differ only in the sense of their normal balances. Income accounts
normally have a credit balance and expense accounts normally a debit
balance.
But you CAN have "contra" accounts.
Have you tried creating an account of type income with a name like
"credit note totals"? It would, of course tend to have a debit balance
(negative with respect to other income accounts.
Michael D Novack
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