Expense accounts, because they are usually only increased, just have Expenses for debits. The credit is called a "Rebate". I don't know if you meant to make that account an expense account.
I don't see an Income anywhere in the list. Your asset should have gone down by 800 EUR, as you did. The gain in this sale is 414 EUR, of which the shipping should be an expense, and the Income will be 1214 minus the shipping cost, right? On Thu, Nov 21, 2024 at 3:53 PM Boniforti Flavio <bonifort...@gmail.com> wrote: > Hi all. > > I've just sold one of my instruments, for which I already have a dedicated > account "Assets:Current Assets:Music Equipment EUR:Korg MS-20M". > The opening balance for this item is 800 EUR. > I now sold it and I got 1214 EUR for it. So I entered 1214 in the "Total > Increase" column, with "Transfer" my EUR Checking account. Then I added > splits: > 800 "Total decrease" so that the item's value is 0 (as I sold it, I don't > have anymore its value at home) - Transfer = "Korg MS-20M" account; > 378,51 "Total decrease" (which is the surplus I made) - Transfer = > "Income:Music Equipment Sold EUR" > 35,49 "Total decrease", the price I paid for shipping this item to the > seller - Transfer = "Expenses EUR:Post:Shipping cost of sales" > > Now when I look at the last account listed, I see 35,49 in the "Rebate" > column and the "Expense" column is empty - which in the end results in a > negative total: > [image: image.png] > What am I doing wrong? > > Thanks, > Flavio. > > https://www.instagram.com/boniforti_music > https://soundcloud.com/boniforti_music > https://bonny-j.bandcamp.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. > -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ 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.
