I have been following this thread and I disagree with how you folks are accounting for a credit card cash-back reward. If this is based on spending (as opposed to a referral benefit or for opening a new card), then the cash back is actually a rebate or discount on your expenses. It is NOT taxable income and so should not be an income account. Instead its a negative expense. At the moment I have it as a miscellaneous expense and then my P&L shows a negative miscellaneous expense under "other expenses". I'm not sure if this is right, but I know its not company revenue or income.
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