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

[R Losey]

Michael - That was a very good "stepping back" explanation.

I think he is trying to record the shipping expenses both as shipping
"Expense" and also have a reduction in the Income from the sale.


On Fri, Nov 22, 2024 at 11:12 AM Michael or Penny Novack via gnucash-user <
gnucash-user at gnucash.org> wrote:

> On 11/21/2024 6:32 PM, Boniforti Flavio wrote:
> > Hi Michael.
> > Thanks for your message.
> > You mean this type of view?
> > image.png
> > F.
>
>
> The view is right, but the transaction isn't. The problem is that
> accounts of type income and expense are on opposite sides of the ledger.
>
> Let's step back for a bit and discuss the transaction in terms of what
> happened. You had an item of inventory on your books for U. You sold it
> for V, the buyer giving you a check for V which you deposited in your
> bank account. But part of this deal was that you pay for shipment to the
> buyer and that cost W, which you paid for somehow, a check, money from
> your pocket, a credit card, etc.
>
> Is that a correct description?
>
> So you had a decrease in an asset (of all of its value, U) and an
> increase in an asset (bank account goes up by that deposit  V) and an
> increase in income (sales) for the
> 'profit, not including expenses V-U)       and so far in balance with
> total debits = total credits ------ REMEMBER, an increase of an account
> of type income is a credit.
>
> BUT --- you also had an expense for the shipping cost X (a debit) which
> you paid for somehow, a credit to a bank account, a wallet, or a credit
> card charge.
>
> In your entry, you have BOTH the income account and the expense account
> as credits. Expense accounts are on the debit side of the ledger.
>
> Michael D Novack
>
>
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-- 
_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8