Hi David, Gyle. Thank you for your input. It looks both of you agree that this should be a negative expense rather than in income.
On Tue, Dec 07, 2021 at 06:35:22AM +1000, davidcousen...@gmail.com wrote:
> This would allow you to keep track on
> both the original expense and the economic benefit you receive by the bulk
> purchase
Good point, indeed.
> However if your jurisdiction were to tax such discounts, treating it as income
> will likely be more appropriate. It is really the tax treatment which decides
> how best to account for it.
> If you are unsure consult an accountant in your jurisdiction.
This book is for personal porpuses, and in any case that purchase is
done for me, rather than for my business.
I'm not sure about the tax implication of such bonuses for business, but
for people it's not taxable (I'm sure here!), so marking it down as a
negative expense is fine here.
Regardless, then, another question that I didn't consider it earlier.
The negative charge in that's going to be Expenses:Travel:Rental: should
it be credited in bulk at the time of the purchase of the pack, or
somehow split over multiple accounting periods? If yes, how would I go
about splitting this?
Thanks again for your help! :)
--
regards,
Mattia Rizzolo
GPG Key: 66AE 2B4A FCCF 3F52 DA18 4D18 4B04 3FCD B944 4540 .''`.
More about me: https://mapreri.org : :' :
Launchpad user: https://launchpad.net/~mapreri `. `'`
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