5:50pm -0000 01/05/26 Jerry Criswell (JC) <[email protected]> wrote:
>I'm reconciling the import of my Quicken file which shows the posting of >points from MC as both a charge and a credit. This ends up as a zero >effect instead as a payment. To make this reduce the balance, what >should the off setting account be? A credit card is a short term liability. This is how I handle rebates from American Express applied toward the statement balance. I set up a Rebates account as a contra expense account. It cannot be an income account as it's not income but serves to reduce other expenses. With each monthly rebate, the Rebates account is credited, and the credit card account is debited. _______________________________________________ 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.
