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

[David Cousens]

Boniforti, 

Please see another preply In which I agreed that Michael'sapproach was
indeed correct in that the shipping should not be included as an
expense and subtracted from the value of the income. The correct
entries should be :

Asset:Checking Account                                    Cr  35.49 EU
Expense:Shipping                                        Dr  35.49 EU

Asset:Checking Account      				Dr 1214.00 EU
Assets:Current Assets:Music Equipment EUR:Korg MS-20M     Cr  800.00 EU
Income:Instrument Sales                                   Cr  414.00 EU

The way I suggested effectively expenses the shipping twice and your
taxman is not going to like that

David
On Fri, 2024-11-22 at 00:39 +0100, Boniforti Flavio wrote:
> Hi again.
> I actually tried to enter all the split transactions starting in my
> checking account. It looks like this (in journal view):
> [image: image.png]
> When I disable the journal view, I instead see three individual split
> transactions:
> [image: image.png]
> Nevertheless, in the "shipping costs" account, I still have the
> amount of
> 35,49 entered as a "rebate" and not as an "expense". Why is this?
> [image: image.png]
> F.
> 
> https://www.instagram.com/boniforti_music
> https://soundcloud.com/boniforti_music
> https://bonny-j.bandcamp.com
> 
> 
> Am Fr., 22. Nov. 2024 um 00:32 Uhr schrieb Boniforti Flavio <
> boniforti.f at gmail.com>:
> 
> > Hi Michael.
> > Thanks for your message.
> > You mean this type of view?
> > [image: image.png]
> > F.
> > 
> > https://www.instagram.com/boniforti_music
> > https://soundcloud.com/boniforti_music
> > https://bonny-j.bandcamp.com
> > 
> > 
> > Am Fr., 22. Nov. 2024 um 00:18 Uhr schrieb Michael or Penny Novack
> > via
> > gnucash-user <gnucash-user at gnucash.org>:
> > 
> > > Two things
> > > a) When wanting to show us a "split" transaction (more than two
> > > accounts
> > > affected) it would make more sense to show it in "journal mode".
> > > That's
> > > the way you see it when entering a split transaction, all the
> > > affected
> > > accounts at the same time.
> > > 
> > > b) I'm not going to comment on the supposedly user friendly
> > > column
> > > titles except to point out that sometimes they will make little
> > > sense.
> > > 
> > > Your transaction to record this sale should have been:
> > > Debit      Checking account      1214
> > > Debit      Shipping cost of sales 35.49
> > > 
> > > Credit     Korg MS-20M      800
> > > Credit     Music Equipment sold  414
> > > Credit     Checking account 35.49  << if you paid the shipping by
> > > check >>
> > > 
> > > What did you do wrong? Presumably you paid this shipping cost wit
> > > an
> > > asset 9anyway, I'm showing it that way. Because you are tracking
> > > the
> > > expense "shipping cost" you do not reduce income by that amount
> > > also
> > > 
> > > Michael D Novack
> > > 
> > > On 11/21/2024 4:52 PM, 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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> > > 
> > > --
> > > There is no possibility of social justice on a dead planet except
> > > the
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