" will mask the true cost of whatever was purchased" It's all a matter of perspective. If I want 100 widgets at $10, but know I get 2% back on my credit card, I might look at that as a $980 item. The fact that I pay $1,000 now and get refunded $20 later is a cash flow issue.
Not that I actually do that: take the diametrically opposed approach of deliberately forgetting that anything is ever coming back. Then my wife eventually finds a large rewards balance and uses it to pay for her vacation. -----Original Message----- From: gnucash-user <[email protected]> On Behalf Of Steve Welch via gnucash-user Sent: October 14, 2021 9:23 AM To: rsbrux <[email protected]> Cc: [email protected] Subject: Re: [GNC] Credit Card Rewards Refund One further thought: treating rewards as a negative expense will mask the true cost of whatever was purchased. If you stop using your rewards card, suddenly your apparent expenses will go up. Both professionally and personally I generally prefer to not muddy expense accounts with negative entries unless it really makes sense. Sent from my iPhone _______________________________________________ gnucash-user mailing list [email protected] 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.
