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checking deposit with cashback

 
 
Tim Conway
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      11-26-2011, 08:25 PM
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

 
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gk
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      11-26-2011, 09:11 PM
On Nov 26, 3:25*pm, "Tim Conway" <(E-Mail Removed)> wrote:
> 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.
 
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Robert Neville
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      11-26-2011, 10:02 PM
"Tim Conway" <(E-Mail Removed)> wrote:

> 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?


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.
 
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Tim Conway
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      11-28-2011, 11:48 AM

"Robert Neville" <(E-Mail Removed)> wrote in message
news:(E-Mail Removed)...
> "Tim Conway" <(E-Mail Removed)> wrote:
>
>> 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?

>
> 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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