I don't see why you went through the trouble of steps 2-4.
I suppose if you managed to get back to zero, no harm no foul, but I'd
anticipate you're going to have a big mess in the future with that setup.
AP is usually one bucket - for all payables. GnuCash tracks each vendor
for you, and neither your Bank, nor PayPal are vendors either. They are
sources of funds, thus Assets.
This shouldn't be much different than cancelling a paper check, or
getting an ACH or Credit Card partial refund.
Regards,
Adrien
On 12/21/22 2:20 PM, Dr. David Kirkby wrote:
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.
