Lost Checks - No Payee - Best Practice

[Milton Stern]

Thank you for the explanations.

It gives me a bit more of a picture of how things integrate.

I deal with information systems and databases, and frequently look for
integrated tracking, checks and balances.
I was just trying to find the best way of tracking of a jump in check
numbers, with easy identification of possible future fraudulent check
writing. (I don't trust the bank to identify a fraudulent check. Banks
frequently cash checks that are even missing signatures, dates and have
wrong names.)
I am trying to avoid maintaining 2 databases for this purpose. Since I can
not use a blank transfer account transaction, nor the "Orphan" account, I
guess a separate payeeless Voided Check account may be my best option.

Thank again,

Moshe


On Mon, Jun 8, 2015 at 7:06 PM, John Ralls <jralls at ceridwen.us> wrote:

>
> > On Jun 8, 2015, at 12:31 PM, Milton Stern <drmoshe5 at gmail.com> wrote:
> >
> > Thanks for the suggestion Fred.
> >
> > Re:"Why would you want a second account anyway? A txn with zero value
> does
> > not require a balancing split in another account."
> >
> > But, it seems that if I do not assign an account for transfer, it
> defaults
> > to "Orphan".
> > --
> > And, thanks John for the standard accounting info. I am not an
> accountant,
> > and would be a classified as a newbie in accounting lingo.
>
> Me either, but I am a GnuCash developer. In this context “Orphaned Gains
> XXX” and “Imbalance XXX” aren’t standard accounting terms, they’re the
> names of the accounts that GnuCash uses — to the point of creating if they
> don’t already exist — in the situations I described. I failed to explain
> that XXX is replaced with the three-letter ISO code for the currency in
> which the gains or imbalance is denominated, and that those are the English
> names; others are used if you’re using a different locale.
>
> Regards,
> John Ralls
>
>