Re: [GNC] Is "Transaction -> Add Reversing Transaction" on menu okay for a refund?

2022-12-28 Thread R Losey
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...

Re: [GNC] Is "Transaction -> Add Reversing Transaction" on menu okay for a refund?

2022-12-27 Thread Adrien Monteleone
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

Re: [GNC] Is "Transaction -> Add Reversing Transaction" on menu okay for a refund?

2022-12-26 Thread Frank H. Ellenberger
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

Re: [GNC] Is "Transaction -> Add Reversing Transaction" on menu okay for a refund?

2022-12-26 Thread R Losey
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

[GNC] Is "Transaction -> Add Reversing Transaction" on menu okay for a refund?

2022-12-25 Thread Dr. David Kirkby
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