Mattio, Since you receive the discount at the time you purchase the pack and it is available to you at that point so that is really the point at which I would record it.
David On Mon, 2021-12-06 at 23:02 +0100, Mattia Rizzolo wrote: > 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! :) > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
