[GNC] Why is part of a split registered as "rebate" in the Transfer account?

[Boniforti Flavio]

Hi David.
What you listed is exactly what I did:
[image: image.png]
My question is: why is the "Shipping costs" account showing the amount of
35,49 Euro as a "rebate" instead of an "expense"?

F.

https://www.instagram.com/boniforti_music
https://soundcloud.com/boniforti_music
https://bonny-j.bandcamp.com


Am Do., 21. Nov. 2024 um 23:39 Uhr schrieb David Cousens <
davidcousens49 at gmail.com>:

> Boniforti,
>
> The entries to record the sale of the instrument would be
>
> Asset:Checking Account                                  Dr 1214.00 EU
> Assets:Current Assets:Music Equipment EUR:Korg MS-20M     Cr  800.00 EU
> Expense:Shipping                                          Cr   35.49 EU
> Income:Instrument Sales                                   Cr  378.51 EU
>
> With the formal accounting labels the order of the columns is
>  Debit(Dr) Credit(Cr) Balance from the right and the column order is
> not changed if you are not using the formal accounting labels.
>
> The order of the above entries, particularly the first, will depend
> upon from which acount register you are making the entries.
>
> If your income from this source is not taxable in your jurisdiction you
> can create income sub account placeholders for taxable and non-taxable
> income and place the Instrument Sales account under the non-taxable
> placeholder account.
>
>
>
> On Thu, 2024-11-21 at 22:52 +0100, Boniforti Flavio wrote:
> > Hi all.
> >
> > I've just sold one of my instruments, for which I already have a
> > dedicated
> > account "Assets:Current Assets:Music Equipment EUR:Korg MS-20M".
> > The opening balance for this item is 800 EUR.
> > I now sold it and I got 1214 EUR for it. So I entered 1214 in the
> > "Total
> > Increase" column, with "Transfer" my EUR Checking account. Then I
> > added
> > splits:
> > 800 "Total decrease" so that the item's value is 0 (as I sold it, I
> > don't
> > have anymore its value at home) - Transfer = "Korg MS-20M" account;
> > 378,51 "Total decrease" (which is the surplus I made) - Transfer =
> > "Income:Music Equipment Sold EUR"
> > 35,49 "Total decrease", the price I paid for shipping this item to
> > the
> > seller - Transfer = "Expenses EUR:Post:Shipping cost of sales"
> >
> > Now when I look at the last account listed, I see 35,49 in the
> > "Rebate"
> > column and the "Expense" column is empty - which in the end results
> > in a
> > negative total:
> > [image: image.png]
> > What am I doing wrong?
> >
> > Thanks,
> > Flavio.
> >
> > https://www.instagram.com/boniforti_music
> > https://soundcloud.com/boniforti_music
> > https://bonny-j.bandcamp.com
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