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#1
02-08-2004, 12:18 AM
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 Re: Discount in Ck regester If you're recording discounts, I don't think it's an income - it's a reduction in expense. For the purposes of income statements, there is a difference. I think the correct way to record this would be: Check $98 split expense:stuff $100 expense:discounts -$2 -- Chris Cowles, Gainesville, FL "Bill" <anonymous[at]discussions.microsoft.com> wrote in message news:c6e701c3edd5$98ffe530$a401280a[at]phx.gbl... - quote - > Does this split transaction work: > $100 charged to an expense category -> +$100 > $2 charged to an income category -> -$ 2 > When you post to an income category you may not need > the '-' sign. Cal, the MVP for this newsgroup, might > know for sure. > > -----Original Message----- > > In paying an invoice of $100 with a 2% discount how does > > one record the paymnet and discount. I want to show tne > > $100 as spent in the catagory and the discount as > income. > > The discount can be shown as a negative number in the > check > > breakdown but nowhere does the discount show up in the > > accounting. > > . |
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02-07-2004, 10:53 PM
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| Discount in Ck regester Does this split transaction work: $100 charged to an expense category -> +$100 $2 charged to an income category -> -$ 2 When you post to an income category you may not need the '-' sign. Cal, the MVP for this newsgroup, might know for sure. - quote - > -----Original Message----- > In paying an invoice of $100 with a 2% discount how does > one record the paymnet and discount. I want to show tne > $100 as spent in the catagory and the discount as income. > The discount can be shown as a negative number in the check > breakdown but nowhere does the discount show up in the > accounting. > . |
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#-1
02-07-2004, 09:34 PM
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| Discount in Ck regester In paying an invoice of $100 with a 2% discount how does one record the paymnet and discount. I want to show tne $100 as spent in the catagory and the discount as income. The discount can be shown as a negative number in the check breakdown but nowhere does the discount show up in the accounting. |
| Tags |
| discount, regester |
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