@buyer
The issue is that you're trying to make the rebate a sub-account of the cc liability account. That creates both a cc debit (reduction in cc liability, which you want) and a cc contra sub-account credit (offsetting increase in liability, which you don't want). Rebates are considered a contra-expense account, not a contra-liability account. They will, and should, reduce expenses on your P&L (NFP Statement of Activities). CC rebates are technically not considered part of gross income, but they do increase net income because they reduce expenses.
