I am not sure Stan has fully understood your transactions but I can see why ( I think).
Based on the subject line, you have bought in euros then been refunded via PayPal which (bizarrely, but it has happened to me as well) has credited the refund in CHF? Is that right? If so, 1, enter the purchase as full value to the checking account analysed to the asset account; 2, enter the refund in CHF to your PP account and analyse it to the same asset account which will recognize the currency change and give you a dialogue box where you can edit the exchange rate so it is manual and set it to 50 euros. All accounts should then be correct. If I have also misunderstood please let me know. Geoff +33 6 22 93 00 53 +44 7770 58 48 38 > On 14 Oct 2024, at 17:45, Stan Brown (using GC 4.14) <stan...@fastmail.fm> > wrote: > > > On 2024-10-14 04:10, Boniforti Flavio wrote: > >> I bought an item for 1050 EUR, which I took from my EUR checking account. >> Then the seller reimbursed 50 EUR because of some issues on the item. This >> reimbursement in EUR was done via PayPal, where I do have both EUR and CHF >> currencies. >> I paid out CHF 46.56 from PayPal to my CHF checking account. >> >> Now... how do I enter this transaction correctly? >> The item I bought is registered in a EUR asset account - Increase of 1050 >> EUR. >> Now I would enter a "decrease" transaction to reduce its value of 50 EUR, >> but I have to take this money from the CHF checking account. So what's the >> correct way to do this? Should I select my "CHF checking account" for the >> "transfer" column, but enter the value in EUR (50) and then apply the >> currency conversion? > > I believe thinking of "this transaction" (singular) makes it seem harder > than it than it actually is. I see two or three transactions here. > > (1) Debit the Asset account for the "item" by 1050 EUR, credit checking > account the same amount. > > (2) Credit the "item" 50 EUR for the partial refund, and debit PayPal 50 > EUR. > > (3) Credit your PayPal account CHF 46.56, and debit your CHF checking > account the same amount. > > Notes: > > In logic, transaction (3) is really not connected to (1) and (2). You > could have withdrawn a different amount, or none. So you have at least > two transactions here. You could condense (1) and (2) into a single > transaction, but I think it will be clearer what happened if you keep > them separate -- especially if some time passed between (1) and (2). > > I know the "friendly labels" exist, but along with several other posters > I feel that these things they are actually harder to use than "Debit" > and "Credit", which have been around for half a millennium or more. A > number of other posters have made similar comments about "debit" and > "credit actually making things easier. There's really very little to > memorize: > > ASSETS and EXPENSES: increase is debit, decrease is credit. > LIABILITIES, EQUITY, and INCOME: increase is credit, decrease is debit. > > Stan Brown > Tehachapi, CA, USA > https://BrownMath.com > _______________________________________________ > 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. _______________________________________________ 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.
