Hi Everyone, This may seem like a dumb question. I would like to make a deposit of say $45 to checking and have the bank give me $5 cashback. Is there a way to enter it into my checking register so it shows the $45 income and $5 cashback other than entering the $45 deposit and transfering $5 to the cash account as a separate transaction?
Q2010 Premier WVista.
TIA Tim
I think, split transaction can accomplish that for you. It will allow you to record a deposit and transfer to cash account at once. Except, you'll probably want to have a 3rd line (or 2nd in order, actually - before the transfer out) to show additional income for this $5 cashback, otherwise you resulted total would be just $40 instead of $45.
So your net deposit is $40? Sure... You enter the $40 as the deposit amount, then split the transaction with $45 shown against an income category and $5 against an expense category. If it's not income (like a rebate check), you enter negative $45 against an expense category and $5 against Petty Cash or Misc Expense or whatever.
I just did this with a 120 deposit and 10 cashback to a "cash" account. Elementary. I should have seen this. Thanks everyone for your help.
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