[GNC] How to Handle Mastercard Points
Cam Ellison
cam at ellisonet.ca
Mon Jan 5 21:17:04 EST 2026
On 2026-01-05 18:00, Adam H. Kerman wrote:
> Dividends are ordinary income. Credit the dividend income account, debit the
> asset. Is this a DRIP? Then the asset is the stock account, otherwise it's a
> cash account.
I am not at all in disagreement with this approach, and would use it as
a general case. I chose my particular approach to separate it from
reportable dividend income, since it's a one-off, though now that MC has
changed its cashback method, I'll probably need to set up something more
orthodox for both.
Cheers
Cam
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