I have a client who has started offering his customers cashback on debit card transactions. He is using Quickbooks and I think I have a work-around but would be very interested to know what everyone else does! The client uses a Sales Receipt template to record all takings for the week and reconciles h...
Hi, I am doing the bookkeeping for a self-employed trainer. She has a credit card that has cashback. I see from her statements that there is a cashback figure each month. Would I account for it as income, which is therefore taxable? Or, would it be classed as a rebate so it just reduces the cost of expense...