Feeding the Cash in Wallet Account from the ATM Account

[Jon Lapham]

BruceG wrote:
> Hey all,
> 
> 	I have been recording my ATM Withdrawals as a transfer from my Checking 
> Account to an expense account called ATM Withdrawals. I want to start using 
> the Cash in Wallet account.
> 
> 	Would I do the following:
> 	Transfer from Checking account (asset) to ATM Withdrawals (expense)
> 	Transfer from ATM Withdrawals (expense) to Cash in Wallet (asset)

I would transfer from Checking (asset) directly to Cash in Wallet 
(asset).  Then, as you spend the cash, you transfer from Cash in Wallet 
(asset) to the correct expense account.

Your transactions should reflect reality.  You *really did* transfer 
from your Checking to your Wallet, so record it that way.

At the end of the month, if you notice that you have less money in your 
wallet than you accounted for in GnuCash, transfer from Cash in Wallet 
to an expense account named "Unknown".

> 	I then no longer track the expense as an ATM Withdrawal, but track it under 
> Cash in Wallet, correct?



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  Jon Lapham  <lapham at jandr.org>                Rio de Janeiro, Brasil
  Personal: http://www.jandr.org/
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