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

[R Losey]

The wonder and beauty of GnuCash is that you can do whatever works for
you... as long as the end results are correct. These days, I prefer to
enter an action as one transaction with multiple splits; in the past, I
used to use multiple transactions for an action.

Remember, since the buyer is paying you for shipping expenses, your net
change in that account should be zero. So, the money he pays you is a
"credit" in the Expenses account (right-hand side). [It will be labeled
"Rebate" because you have formal accounting labels turned off, but don't
worry about that.]

Remember, at some time in the future, you will have to pay money for
shipping, so there will be an entry for that with 35,49 leaving the
checking account, and going into shipping expenses as an "Expense" (in
formal terms, a "debit") that will zero out the other 35,49 entry.



On Mon, Nov 25, 2024 at 11:48 AM Boniforti Flavio <boniforti.f at gmail.com>
wrote:

> I think this is the only reference to the income into my checking account
> (from my initial post):
>
> "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."
>
> Thanks anyways - probably it's best for me not to try and put everything
> from this sale into one transaction (with multiple splits). I'm not
> understanding how to make it work :-(
> It will look weird, but I could enter 3 transactions of "income" into my
> checking account: 800 (which I use to "zero" the value of my instrument),
> 35,49 (for the shipping) and a third one which goes into my "gain"...
> What do you think?
>
> F.
>
> https://www.instagram.com/boniforti_music
> https://soundcloud.com/boniforti_music
> https://bonny-j.bandcamp.com
>
>
> Am Sa., 23. Nov. 2024 um 17:37 Uhr schrieb Michael or Penny Novack via
> gnucash-user <gnucash-user at gnucash.org>:
>
> > On 11/23/2024 7:58 AM, Boniforti Flavio wrote:
> > > Hi Richard.
> > > It's one payment I got from the buyer, which includes both the value of
> > the
> > > goods and the shipping costs.
> > > F.
> >
> > It would have helped me give you advice had you said that earlier.
> > Except you DID say that you had deposited the (entire) payment. So you
> > left out of the description how you paid for the shipping.
> >
> > Michael D Novack
> >
> >
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-- 
_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8