Re: [GNC] Is "Transaction -> Add Reversing Transaction" on menu okay for a refund?
I've not used the "Add Reversing Transaction" -- if the entity (in your case, Paypal) treats it as two transactions, I'd enter a second transaction identical to the first one, having the 60p in the other column. We have had cases where the transaction was actually canceled instead of refunded... in this case, I'd delete the original transaction. On Tue, Dec 27, 2022 at 8:15 PM Adrien Monteleone < adrien.montele...@lusfiber.net> wrote: > On 12/25/22 7:04 AM, Dr. David Kirkby wrote: > > I made a transaction with PayPal for £0.60 on 28/03/2022, then cancelled > it > > the same day. Is simply adding a reversing transaction on the menu okay > for > > a refund? > > > > I previously put the wrong date (today) on a transaction that took place > in > > March, so I reversed that using the "Transaction -> Add Reversing > > Transaction" on menu. I noticed it showed up as "Refund" in the vendor > > report - see attached. So I'm wondering if I can just reverse this > > transaction for £0.60. Or is the correct way to do this more complicated? > Too complicated. > > Just change the date. > > Regards, > Adrien > > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > 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 rlo...@gmail.com Micah 6:8 ___ gnucash-user mailing list gnucash-user@gnucash.org 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.
Re: [GNC] Is "Transaction -> Add Reversing Transaction" on menu okay for a refund?
On 12/25/22 7:04 AM, Dr. David Kirkby wrote: I made a transaction with PayPal for £0.60 on 28/03/2022, then cancelled it the same day. Is simply adding a reversing transaction on the menu okay for a refund? I previously put the wrong date (today) on a transaction that took place in March, so I reversed that using the "Transaction -> Add Reversing Transaction" on menu. I noticed it showed up as "Refund" in the vendor report - see attached. So I'm wondering if I can just reverse this transaction for £0.60. Or is the correct way to do this more complicated? Too complicated. Just change the date. Regards, Adrien ___ gnucash-user mailing list gnucash-user@gnucash.org 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.
Re: [GNC] Is "Transaction -> Add Reversing Transaction" on menu okay for a refund?
Am 26.12.22 um 19:22 schrieb R Losey: I suspect that the "correct" way is whatever works for you and meets your needs. Better you consult a CPA if you want to use it for your tax dclaration or other publications. As an example in DE such informal corrections are not allowed. instead you have to add a "Storno" transaction and then the correct transaction. On Sun, Dec 25, 2022 at 7:05 AM Dr. David Kirkby < drkir...@kirkbymicrowave.co.uk> wrote: I made a transaction with PayPal for £0.60 on 28/03/2022, then cancelled it the same day. Is simply adding a reversing transaction on the menu okay for a refund? I previously put the wrong date (today) on a transaction that took place in March, so I reversed that using the "Transaction -> Add Reversing Transaction" on menu. I noticed it showed up as "Refund" in the vendor report - see attached. So I'm wondering if I can just reverse this transaction for £0.60. Or is the correct way to do this more complicated? Dr David Kirkby Ph.D ___ gnucash-user mailing list gnucash-user@gnucash.org 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.
Re: [GNC] Is "Transaction -> Add Reversing Transaction" on menu okay for a refund?
I suspect that the "correct" way is whatever works for you and meets your needs. On Sun, Dec 25, 2022 at 7:05 AM Dr. David Kirkby < drkir...@kirkbymicrowave.co.uk> wrote: > I made a transaction with PayPal for £0.60 on 28/03/2022, then cancelled it > the same day. Is simply adding a reversing transaction on the menu okay for > a refund? > > I previously put the wrong date (today) on a transaction that took place in > March, so I reversed that using the "Transaction -> Add Reversing > Transaction" on menu. I noticed it showed up as "Refund" in the vendor > report - see attached. So I'm wondering if I can just reverse this > transaction for £0.60. Or is the correct way to do this more complicated? > > Dr David Kirkby Ph.D > Email: drkir...@kirkbymicrowave.co.uk Web: > https://www.kirkbymicrowave.co.uk/ > Kirkby Microwave Ltd (Tel 01621-680100 / +44 1621-680100) > Stokes Hall Lodge, Burnham Rd, Chelmsford, Essex, CM3 6DT. > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > 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 rlo...@gmail.com Micah 6:8 ___ gnucash-user mailing list gnucash-user@gnucash.org 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.
[GNC] Is "Transaction -> Add Reversing Transaction" on menu okay for a refund?
I made a transaction with PayPal for £0.60 on 28/03/2022, then cancelled it the same day. Is simply adding a reversing transaction on the menu okay for a refund? I previously put the wrong date (today) on a transaction that took place in March, so I reversed that using the "Transaction -> Add Reversing Transaction" on menu. I noticed it showed up as "Refund" in the vendor report - see attached. So I'm wondering if I can just reverse this transaction for £0.60. Or is the correct way to do this more complicated? Dr David Kirkby Ph.D Email: drkir...@kirkbymicrowave.co.uk Web: https://www.kirkbymicrowave.co.uk/ Kirkby Microwave Ltd (Tel 01621-680100 / +44 1621-680100) Stokes Hall Lodge, Burnham Rd, Chelmsford, Essex, CM3 6DT. ___ gnucash-user mailing list gnucash-user@gnucash.org 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.
