Agreed Michael what I suggested is incorrect as it subtracts the shipping from the income as well as recording it as an expense- essentially double dipping on the expenses
On Thu, 2024-11-21 at 18:17 -0500, Michael or Penny Novack via gnucash- user wrote: > 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 > > > > > > _______________________________________________ > > gnucash-user mailing list > > [email protected] > > 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 [email protected] 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.
