On Tue, May 14, 2024 at 10:10 PM Michael or Penny Novack <stepbystepf...@comcast.net> wrote:
> The wizard is only a starting point giving an example of TYPICAL > accounts. There is no guarantee tat the set of accounts would =meet the > needs of YOUR business. If your business never offered cash discounts, > then your business wouldn't have that account in its ledger. > > Are you saying that you never encountered cash discounts? You never got > an advertisement from a vendor saying "this week only, 10% discount site > wide"/ Thank you Michael. I was unsure of how to use this in a double entry account. WHen I get a discount from a wholesaler, then there is a credit to Cash discounts, which is an expense. There is also a corresponding debit to my checking account. When I issue a site wide discount there is a debit to the cash discount but a credit to the checking account. Am I doing that correctly? _______________________________________________ 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.
