Hi Jerry,
I'm replying to your original email here from yesterday; although I've
read thru all the messages and suggestions up thru today. I'm still a
relative newcomer to GnuCash myself; but I had much the same situation
as you described here. I have a half dozen credit cards with rewards
programs that I tracked for decades in Quicken. When I moved to GnuCash
though, everything (at least in regards to those credit cards)
transferred over cleanly with no complications.
I'm guessing the reason for the easy transition for me is how I tracked
those rewards in Quicken -- and how I continue to handle them the same
way today in GnuCash. I don't attempt to track my accrual or monthly
balances of rewards points. So there's no need for me to have a Rebate
Asset account or some kind of Contra Liability account. Whenever I
choose to redeem rewards points, I just request the dollar value of the
points get credited to my credit card account. Then in Quicken (and now
in GnuCash) I log that transaction as income to the credit card
account. The Quicken category (and now the GnuCash account) is simply
called Non-Reportable Income. That makes it easy for me to exclude that
account from my other Reportable Income when tax time rolls around.
I'm not sure if my explanation here will help with your current Quicken
import issue or not. But if there's one piece of advice I can offer it
would be to keep it as simple as possible when tracking rewards points.
Tom
On 1/5/2026 4:50 PM, Jerry Criswell (JC) wrote:
I'm reconciling the import of my Quicken file which shows the posting
of points from MC as both a charge and a credit. This ends up as a
zero effect instead as a payment. To make this reduce the balance,
what should the off setting account be?
JC
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