On 2026-01-05 21:23, Adam H. Kerman wrote:
10:22pm -0000 01/05/26 David T. via gnucash-user <[email protected]>...:
My apologies. I see that Cam was the poster using this term. But I do think
you're not talking about shares in Costco (which the reference to a DRIP
would imply). I'm pretty sure the use of the term "Costco dividends" was a
misstatement, and the poster was referring to a rewards program balance,
rather than shares in the Costco corporation.
Let's say that you are correct, it's a rebate through a customer loyalty
program. I'd make a similar recommndation to set up a contra expense account
to book the rebate so it is not booked as income. This is key. Credit the
rebate account, debit the liability account representing the store account.
At the time it is applied, you could show it in a contra account under
Expenses. For the sake of argument, call it Expenses:Rebates. It would
be a debit to Liabilities:Mastercard and a credit to Expenses:Rebates (I
think it goes that way).
Alternatively, you could set up an Assets:Rebates account and an
Expenses:Rebates account, and record receipt of the rebate there if you
are not going to apply it immediately. Then the payment transaction
would involve Liabilities:Mastercard and Assets:Rebates.
This discussion has got me thinking about how I set up the Costco
rebate/dividend. I realise I have it wrong: it's a reduction of
Expenses, not a change in Equity.
Cheers
Cam
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