Offsetting
Set a credit against a debt, on purpose.
Eva advanced €14 for fuel and still owes €60 for her team kit. Instead of paying back and forth, an authorised person can offset the two. No money moves, and it stays on the record.
The rules
How offsetting works
- One credit, one debt
- You choose one credit and one debt of the same person in the same group, and an amount up to the lower of the two open amounts.
- No money moves
- Both open amounts go down by the same amount. The money holders’ pots and the group balance don’t change.
- Only real items
- Only items that are actually due can be offset, never expectations. What remains stays open.
- Visible and reversible
- The person, both items, the amount, date, who did it and a note stay visible. A correction reopens both sides and keeps the original offset in the history.
Never automatic
Why Penny Monet doesn’t net things for you.
Automatic netting is convenient until someone asks where their money went. That’s why Penny Monet never offsets on its own, not even when income is received or split.
An offset is a deliberate decision by someone with the right to make it. In My overview offsets are marked as such and never count as money received.
Keep exploring
Try it with example data.
The example runs in your browser with made-up data. Nothing is saved.
