Two things
a) When wanting to show us a "split" transaction (more than two accounts
affected) it would make more sense to show it in "journal mode". That's
the way you see it when entering a split transaction, all the affected
accounts at the same time.
b) I'm not going to comment on the supposedly user friendly column
titles except to point out that sometimes they will make little sense.
Your transaction to record this sale should have been:
Debit Checking account 1214
Debit Shipping cost of sales 35.49
Credit Korg MS-20M 800
Credit Music Equipment sold 414
Credit Checking account 35.49 << if you paid the shipping by check >>
What did you do wrong? Presumably you paid this shipping cost wit an
asset 9anyway, I'm showing it that way. Because you are tracking the
expense "shipping cost" you do not reduce income by that amount also
Michael D Novack
On 11/21/2024 4:52 PM, Boniforti Flavio 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
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