How to account for mail back rebate in money

I have bought bunch of stuff where i pay up front money 
but on a later date i receive mail back rebate. How do i 
account for this refund in the Microsoft money? I did not 
see any category or feature which supports this very 
common practice of mail back rebate. Is there any add on 
feature which support tracking of mail back rebate 
(whether i received or not and flags when its past due 
after few weeks)

Thanks
Parikh
0
anonymous (74722)
12/2/2003 7:10:52 PM
money 28651 articles. 7 followers. Follow

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Enter a similar cost entry [spend, increase, etc] but with a minus value.
This will give the net cost of the item you purchased.


"Parikh" <anonymous@discussions.microsoft.com> wrote in message
news:014901c3b908$0144d130$a401280a@phx.gbl...
> I have bought bunch of stuff where i pay up front money
> but on a later date i receive mail back rebate. How do i
> account for this refund in the Microsoft money? I did not
> see any category or feature which supports this very
> common practice of mail back rebate. Is there any add on
> feature which support tracking of mail back rebate
> (whether i received or not and flags when its past due
> after few weeks)
>
> Thanks
> Parikh


0
12/2/2003 8:30:23 PM
This is a good point (a feature request for the Money 
team) --- I'd love be able to track my mail-in rebates 
with MS Money; getting remonder/flags for rebates not yet 
received would be very useful too.

>-----Original Message-----
>I have bought bunch of stuff where i pay up front money 
>but on a later date i receive mail back rebate. How do i 
>account for this refund in the Microsoft money? I did 
not 
>see any category or feature which supports this very 
>common practice of mail back rebate. Is there any add on 
>feature which support tracking of mail back rebate 
>(whether i received or not and flags when its past due 
>after few weeks)
>
>Thanks
>Parikh
>.
>
0
anonymous (74722)
12/2/2003 9:04:25 PM
Schedule an Only Once deposit for the usual 8 weeks out. Set its category to
reverse the original expense, if that's how you want to categorize it.

"Parikh" <anonymous@discussions.microsoft.com> wrote in message
news:014901c3b908$0144d130$a401280a@phx.gbl...
> I have bought bunch of stuff where i pay up front money
> but on a later date i receive mail back rebate. How do i
> account for this refund in the Microsoft money? I did not
> see any category or feature which supports this very
> common practice of mail back rebate. Is there any add on
> feature which support tracking of mail back rebate
> (whether i received or not and flags when its past due
> after few weeks)


0
12/3/2003 2:09:38 AM
So schedule an Only Once deposit transaction. How hard could it be? Why
would Money need a new feature to do this?

"Uday" <anonymous@discussions.microsoft.com> wrote in message
news:09f801c3b917$ddef9c00$a001280a@phx.gbl...
> This is a good point (a feature request for the Money
> team) --- I'd love be able to track my mail-in rebates
> with MS Money; getting remonder/flags for rebates not yet
> received would be very useful too.
>
> >-----Original Message-----
> >I have bought bunch of stuff where i pay up front money
> >but on a later date i receive mail back rebate. How do i
> >account for this refund in the Microsoft money? I did
> not
> >see any category or feature which supports this very
> >common practice of mail back rebate. Is there any add on
> >feature which support tracking of mail back rebate
> >(whether i received or not and flags when its past due
> >after few weeks)


0
12/3/2003 2:10:29 AM
Account Transactions
U.S. Bank Checking

11/26/2003 Through 11/26/2003


Num Date Payee Account Memo Category Amount
Debit 11/26/2003 Costco Wholesale U.S. Bank Checking
Split/Multiple Categories (42.24)
                                       Miscellaneous : Magazines & Books
(4.71)
  TurboTax 2003 Deluxe     Miscellaneous : Tax Preparation (37.53)
  TurboTax 2003 Deluxe     Other Income : Rebates 10.00
  TurboTax 2003 Deluxe     Transfer To : Reimbursements Due (10.00)
             Grand Total      (62.24)

Then flag the transaction for the date you expect the rebate.

"Parikh" <anonymous@discussions.microsoft.com> wrote in message
news:014901c3b908$0144d130$a401280a@phx.gbl...
I have bought bunch of stuff where i pay up front money
but on a later date i receive mail back rebate. How do i
account for this refund in the Microsoft money? I did not
see any category or feature which supports this very
common practice of mail back rebate. Is there any add on
feature which support tracking of mail back rebate
(whether i received or not and flags when its past due
after few weeks)

Thanks
Parikh


0
Kent
12/3/2003 1:07:33 PM
I setup an account called Rebates & Misc. Receivables. Whenever somebody
gives me a gift card for some store, I put it in here. When I buy stuff with
the gift card I record it here too. When I buy something that has a rebate,
I go to my checking account (or whatever I bought it with) and setup a split
transaction so part of the money comes from the rebate account.

This way, when I look at the rebate account I can easily see the grand total
of how much every store owes me. I flag transactions that I still have not
received the rebate for, and put notes in as to when they are due to come
back. I also keep two folders going for the paperwork... "Rebates Pending"
and "Rebates Received or Given Up On." This is where I keep all the
photocopies of the UPC, rebate form, and receipts.

-Jeff


"Parikh" <anonymous@discussions.microsoft.com> wrote in message
news:014901c3b908$0144d130$a401280a@phx.gbl...
> I have bought bunch of stuff where i pay up front money
> but on a later date i receive mail back rebate. How do i
> account for this refund in the Microsoft money? I did not
> see any category or feature which supports this very
> common practice of mail back rebate. Is there any add on
> feature which support tracking of mail back rebate
> (whether i received or not and flags when its past due
> after few weeks)
>
> Thanks
> Parikh


0
12/3/2003 1:59:59 PM
Reply:

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