How useful is "cash in wallet"
mrj001 at shaw.ca
Sun Mar 19 11:35:33 EST 2006
>So I'm curious about the "cash in wallet" account. It
>seems rather granular. Does anybody really keep track
>of the money in their wallet? It seems pretty
>compulsive -- you'd need a "money found on the street"
> or "money given by friend to help pay for french
>fries" account to reconcile it.
I do have a "cash" account. I used to just take the withdrawals from my
checking account to a miscellaneous expense account, but I found that
Miscellaneous became a rather large expense, meaning I wasn't really
tracking where a lot of money went. I don't reconcile it. Every once
in a while I do count the money in my pocket and expense the difference
to a Miscellaneous account.
More information about the gnucash-user