I think I have achieved this with two reversing transactions, done in the following order.
1) Credit: Liabilities:Accounts Payable:PayPal Debit: Expenses:Postage and Delivery That makes the balance on Liabilities:Accounts Payable:PayPal -*£1 * 2) Debit: Liabilities:Accounts Payable:PayPal Credit: Assets:Current Assets:Checking Account That seems to get back to where I started, with £100, and zero everywhere else. On Wed, 21 Dec 2022 at 18:52, Dr. David Kirkby < drkir...@kirkbymicrowave.co.uk> wrote: > I'm trying to work out how to refund a payment, made to a vendor (Royal > Mail) using PayPal to pay for this. > > The attached file is very similar to the standard business accounts, with > the bare minimum of changes needed to demonstrate my problem. The only > real changes I have made are > > 1) Added a PayPal account - Assets:Current Assets: PayPal > 2) Made Liabilities:Accounts Payable a placeholder account. > 3) Added Liabilities: Accounts Payable:Bank > 4) Added Liabilities: Accounts Payable:PayPal > 5) Added Royal Mail as a vendor. > 6) Set the opening balance on the checking account to £100. The PayPal > balance is £0. > > > *Next I generated a Bill for Royal Mail for £1 for postage, and posted > that to * > > *Liabilities: Accounts Payable:PayPal * > > *using the expense account Expense:Postage and Delivery. * > > > *Next I paid PayPal, using the bank account. * > > > *At this point the expenses risen to £1 due to the postage, and the > balance of the bank account has reduced from £100 to £99. * > > The > *£1 paid was actually for Royal Mail to collect the package, but I > realised it would not be ready in time, so cancelled the collection. * > > I assume there are going to be 2 stages to this. > 1) Royal Mail gives a *£1 *refund to PayPal. > 2) I transfer the PayPal balance of *£1 *back to my bank account. > > If this is the way to go, I know how to do the second part of this, but > I'm totally lost about how to do the first part. > > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
