If your previous entries are incorrect, you can fix them (if you so wish). Your shipping expenses will be non-zero if YOU pay the shipping.
On Mon, Nov 25, 2024 at 1:48 PM Boniforti Flavio <[email protected]> wrote: > Hi Richard. > Thanks for your replies. > I probably understand now what you mean. This is how my entries look like > now: > > This way my "Shipping costs of sales" account should never be greater than > ZERO - right? I did it the wrong way probably for the previous 2 sales > entries?! > > BR, > F. > > https://www.instagram.com/boniforti_music > https://soundcloud.com/boniforti_music > https://bonny-j.bandcamp.com > > > Am Mo., 25. Nov. 2024 um 20:41 Uhr schrieb R Losey <[email protected]>: > >> The wonder and beauty of GnuCash is that you can do whatever works for >> you... as long as the end results are correct. These days, I prefer to >> enter an action as one transaction with multiple splits; in the past, I >> used to use multiple transactions for an action. >> >> Remember, since the buyer is paying you for shipping expenses, your net >> change in that account should be zero. So, the money he pays you is a >> "credit" in the Expenses account (right-hand side). [It will be labeled >> "Rebate" because you have formal accounting labels turned off, but don't >> worry about that.] >> >> Remember, at some time in the future, you will have to pay money for >> shipping, so there will be an entry for that with 35,49 leaving the >> checking account, and going into shipping expenses as an "Expense" (in >> formal terms, a "debit") that will zero out the other 35,49 entry. >> >> >> >> On Mon, Nov 25, 2024 at 11:48 AM Boniforti Flavio <[email protected]> >> wrote: >> >>> I think this is the only reference to the income into my checking account >>> (from my initial post): >>> >>> "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." >>> >>> Thanks anyways - probably it's best for me not to try and put everything >>> from this sale into one transaction (with multiple splits). I'm not >>> understanding how to make it work :-( >>> It will look weird, but I could enter 3 transactions of "income" into my >>> checking account: 800 (which I use to "zero" the value of my instrument), >>> 35,49 (for the shipping) and a third one which goes into my "gain"... >>> What do you think? >>> >>> F. >>> >>> https://www.instagram.com/boniforti_music >>> https://soundcloud.com/boniforti_music >>> https://bonny-j.bandcamp.com >>> >>> >>> Am Sa., 23. Nov. 2024 um 17:37 Uhr schrieb Michael or Penny Novack via >>> gnucash-user <[email protected]>: >>> >>> > On 11/23/2024 7:58 AM, Boniforti Flavio wrote: >>> > > Hi Richard. >>> > > It's one payment I got from the buyer, which includes both the value >>> of >>> > the >>> > > goods and the shipping costs. >>> > > F. >>> > >>> > It would have helped me give you advice had you said that earlier. >>> > Except you DID say that you had deposited the (entire) payment. So you >>> > left out of the description how you paid for the shipping. >>> > >>> > Michael D Novack >>> > >>> > >>> > _______________________________________________ >>> > 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. >>> >> >> >> -- >> _________________________________ >> Richard Losey >> [email protected] >> Micah 6:8 >> > -- _________________________________ Richard Losey [email protected] Micah 6:8 _______________________________________________ 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.
