GnuCash to track expenses when refunds occur
I've started using GnuCash to keep track of my expenses so that I have an idea of how much I spend each month for food, clothing, etc. My main goal is to be able to see if I went out of budget one month in say clothing so I can compensate the next month.
What I would like to know and could not find help with is - for example, I bought clothes online and on purpose bought different sizes of the same dress. I then returned all dresses except for the one I decided to keep. On my credit card this shows as 2 operations - one of say 0 spent which I labeled as spent on clothing, and another with the refund of 0. So I truly only spent on clothing. However on my budget report it will show as me spending 0 - so it will give me an overestimation of how much I spent. How can I tell gnucash that the 0 refund is linked to the 0 spending and so only should go to expenses-clothing?
Thank you!
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Congrats on taking control of your finances and creating a budget! The easiest way to handle this is by entering in a new entry for the return, and instead of entering a charge for the account, you use the payment column. (And by the way, in GnuCash, if you put a negative value into the charge field, it will automatically move it to a positive value in the payment field for you.) Here's an example screenshot of a purchase at Target with a partial return a week later:
In your case your "charge" column amount would be 0 and the "payment" column a week later would be 0.
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