[GNC] handling discounts properly

[John Griessen]

On 10/27/24 15:23, Derek Atkins wrote:
> IANAA....  Having said that, the way I would handle it is to Process
> Payment for $200, and then go in and split the transaction so you still
> debit A/P the $200, but only credit $180 to your Checking and credit $20
> to whatever counter-account you are using to keep track of your discounts.

This idea applies to credit card rebates also, which the US IRS says are discounts, not regular income.
They don't appear as splits, just alone as I redeem them, but I call that "Bank_Charge_Rebate" and the discounts go  in a contra 
account, (a negative expense).  I occasionally "buy something" with the "expense" "Bank_Charge_Rebate" making my expenses lower, 
no negative expenses at year end, and properly handling credit card rebates for tax purposes.