Thanks. I should have RTFM. I found the explanation and it makes sense.
Mike
On 3/24/21 9:54 AM, Charles Vincent wrote:
No... you make a new entry with the date of the refund, mentioning
refund , same expense code, and a negative amount in the expense
column ( i.e. a credit to the expense colum) reducing the amount of
the expense
Charles
On Wed, Mar 24, 2021, 15:51 Mike via gnucash-user
<gnucash-user@gnucash.org <mailto:gnucash-user@gnucash.org>> wrote:
So you suggest I go to the original entry and reduce the amount
spent by
the amount refunded?
Mike
On 3/24/21 9:27 AM, Michael or Penny Novack wrote:
> On 3/24/2021 9:47 AM, Mike via gnucash-user wrote:
>> How should merchant refunds be coded? Are they income?
>>
>> Mike White
>> _______________________________________________
>
>
> I would think better to consider a reduction of the expense. If you
> treated as income, equivalent to an overstatement of both income
and
> expense.
>
>
> Michael D Novack
>
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