How do you handle rebate checks?

[Phil Adams]

Our utility company reduced its electric rates retroactive to 1/1/07 and we received a rebate check. I assume the check will have to go through the contribution module and reduce the utility expense account somehow. I would appreciate some advice on how to handle this.

Thanks

[tborgal]

Since this is not a contribution I would just make an entry through Fund Accounting > Enter Transactions. Then you can reference it as you wish such as Rebate with a transaction description of Electric Rate Change or something similar. Then enter a debit to your bank account and a credit to your electric account. This will give you an accurate accounting of your electricity costs.