On 3/24/21 6:47 AM, Mike via gnucash-user wrote:
How should merchant refunds be coded? Are they income?
Mike White
From the purchaser point of view: Not income -- you will not pay taxes
on this. It is just a reduction of what you paid. So a reduction of
the expense.
From the merchants point of view: Still not income. Actually a
reduction in income as the merchant now "sells" the product for less
than expected.
So, are you the purchaser or the merchant?
--Steve
--
Stephen M Butler, PMP, PSM
stephen.m.butle...@gmail.com
kg...@arrl.net
253-350-0166
-------------------------------------------
GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8
_______________________________________________
gnucash-user mailing list
gnucash-user@gnucash.org
To update your subscription preferences or to unsubscribe:
https://lists.gnucash.org/mailman/listinfo/gnucash-user
If you are using Nabble or Gmane, please see
https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
