Boniforti, Please see another preply In which I agreed that Michael'sapproach was indeed correct in that the shipping should not be included as an expense and subtracted from the value of the income. The correct entries should be :
Asset:Checking Account Cr 35.49 EU Expense:Shipping Dr 35.49 EU Asset:Checking Account Dr 1214.00 EU Assets:Current Assets:Music Equipment EUR:Korg MS-20M Cr 800.00 EU Income:Instrument Sales Cr 414.00 EU The way I suggested effectively expenses the shipping twice and your taxman is not going to like that David On Fri, 2024-11-22 at 00:39 +0100, Boniforti Flavio wrote: > Hi again. > I actually tried to enter all the split transactions starting in my > checking account. It looks like this (in journal view): > [image: image.png] > When I disable the journal view, I instead see three individual split > transactions: > [image: image.png] > Nevertheless, in the "shipping costs" account, I still have the > amount of > 35,49 entered as a "rebate" and not as an "expense". Why is this? > [image: image.png] > F. > > https://www.instagram.com/boniforti_music > https://soundcloud.com/boniforti_music > https://bonny-j.bandcamp.com > > > Am Fr., 22. Nov. 2024 um 00:32 Uhr schrieb Boniforti Flavio < > [email protected]>: > > > Hi Michael. > > Thanks for your message. > > You mean this type of view? > > [image: image.png] > > F. > > > > https://www.instagram.com/boniforti_music > > https://soundcloud.com/boniforti_music > > https://bonny-j.bandcamp.com > > > > > > Am Fr., 22. Nov. 2024 um 00:18 Uhr schrieb Michael or Penny Novack > > via > > gnucash-user <[email protected]>: > > > > > 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. > > > > > > > > > -- > > > There is no possibility of social justice on a dead planet except > > > the > > > equality of the grave. > > > > > > _______________________________________________ > > > 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. _______________________________________________ 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. 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