Feeding the Cash in Wallet Account from the ATM Account

[Eric Angell]

On Tue, Oct 19, 2004 at 19:15:01 +0100, Neil Williams wrote:

> So from Cash in Wallet, you'd enter transactions for that
> newspaper you bought, the small change you put in the charity
> pot, everything.
> 
> It can get quite tedious to get the Cash in Wallet account to
> reconcile.

That's why I don't bother with Cash in Wallet.  I have an expense
account called Cash Blackhole, which is where ATM withdrawls go.
I sometimes use it as the source of money for a transaction, even
though it's an expense account, if I really want to record a cash
transaction.  Heck, occasionally I'll even deposit cash into a
checking account, with the corrsponding transaction from the
Expense account to the Bank account.

The structure I have set up is slightly strange, but it's a pretty
easy way to account for only a limited number of cash
transactions.  I suppose if you're keeping track of business
money, it's worth the effort to track cash down to the penny, but
otherwise, I find Cash to be a valid expense.

-E

-- 
A man's ethical behavior should be based effectually on sympathy,
education, and social ties; no religious basis is necessary. Man
would indeed be in a poor way if he had to be restrained by fear
of punishment and hope of reward after death.
        --Albert Einstein