xfer between accounts question

Jim javastead at fastmail.us
Fri Apr 9 20:40:57 EDT 2004


On Saturday 03 April 2004 04:53 pm, bob belanger wrote:
>    OK...
>
> I think I understand what you are saying.
>
> However.. using the number from my check makes no sense in the register
> for her checking account and will cause confusion when both checking
> accounts are using the same group of numbers.
>
> I guess I am locked up in that " I only have one check #2430, if it
> shows up more than once I have made a mistake"  rathole
>
> /bobb
>
If you didn't want the check number showing up in your wifes account, you 
could use an intermediary cash account.  Your check number would show up in 
the "deposit" to the intermediary cash account.  The transaction of the 
withdrawal from the cash account and the deposit to your wifes account could 
have a different number, or no number at all.

I use this cash account for weird stuff all the time.  Like when I refinanced 
my house in November, and the lawyer gives me a check to made out to the 
county to pay my real estate taxes (since it was to close for the bank to pay 
from escrow).  I can't book it as part of the refi, because that was last 
year and I couldn't give the county their check for the taxes until this 
year.

So I enter the transaction as me paying the closing costs, and some of that 
coming back to me that goes into the cash account.  In January, when I gave 
the check to the county, it goes from the cash account to the county tax 
expense account.


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