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

[Boniforti Flavio]

Hi Richard.
Thanks for your replies.
I probably understand now what you mean. This is how my entries look like
now:
Account "Korg MS-20M":
[image: image.png]
Account "Shipping costs of sales":
[image: image.png]
So in fact I see that with the last two transactions related to the Korg
MS-20, the shipping costs are "zeroed" out. OK, I understand now: this way
my "Shipping costs of sales" account should never be greater than ZERO -
right? I did it the wrong way probably for the previous 2 sales entries?!

BR,
F.

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


Am Mo., 25. Nov. 2024 um 20:41 Uhr schrieb R Losey <rlosey at gmail.com>:

> 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
>
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