Feeding the Cash in Wallet Account from the ATM Account

[Wiggins d Anconia]

> 
> On Tuesday 19 October 2004 6:30 pm, 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 then no longer track the expense as an ATM Withdrawal, but track it
> > under Cash in Wallet, correct?
> 
> Yes, remember that you still need to transfer the money from Cash in
Wallet so 
> that your total assets remain correct. Presumably you aren't just
withdrawing 
> cash to keep it under the bed, you are actually spending it on something!
>

Are you knocking the 'Cash in Mattress' account?  I suppose it could be
an 'Expense->Bedding Material' account.... which reminds me, I need two
knew interest accounts, 'From Couch', 'From Laundry'...  ;-)

http://danconia.org

> 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.
> 
> 
> -- 
> 
> Neil Williams
> =============
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>