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| 2 answers: Rebates: I just created a category Other Income:Rebates and Miscellaneous and set it to be tax neutral. You could put in negative expense: but how are you going to do it? Proportion it across every expense category you spent on for the month? Fuggedaboutit. House value: Add a transaction in the asset account and leave the category blank or invent some tax neutral category that works for you. There probably isn't one right solution. "Ddutch" <doedeeg[at]wyeth.com> wrote in message news:146801c386f7$aa346370$a101280a[at]phx.gbl... - quote - > 2 questions: > Credit Card Rebates: One of my credits cards gives me a > rebate credit for every dollar charged on the card. At the > bottom of the statement there is always a credit amount > listed (1% of whatever I charged that month) Question: > What's the best way to categorize this rebate? It's not > really income, is it? It's a rebate on a charge (expense). > House value: The value of my house has increased over the > last two years (gotta love the housing market). I know you > can update the value of the asset. What's the best way to > categorize this? It's not really income, since I have no > plans to sell the house. However, I do want Money to > reflect the proper value of the house. Any thoughts? |
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| 2 questions: Credit Card Rebates: One of my credits cards gives me a rebate credit for every dollar charged on the card. At the bottom of the statement there is always a credit amount listed (1% of whatever I charged that month) Question: What's the best way to categorize this rebate? It's not really income, is it? It's a rebate on a charge (expense). House value: The value of my house has increased over the last two years (gotta love the housing market). I know you can update the value of the asset. What's the best way to categorize this? It's not really income, since I have no plans to sell the house. However, I do want Money to reflect the proper value of the house. Any thoughts? Thanks for your input, Ddutch |
| Tags |
| house, rebates |
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