Feeding the Cash in Wallet Account from the ATM Account
Gabriel M. Beddingfield
gabriel at teuton.org
Tue Oct 19 23:38:40 EDT 2004
Neil Williams wrote:
> It can get quite tedious to get the Cash in Wallet account to reconcile.
>
I try to keep track of cash transactions as well. Here's how I manage it.
1. ATM W/D: W/D from Checking, Deposit in "Cash in Wallet"
2. Cash expense: W/D from "Cash in Wallet," deposit in "Expense:*"
*** try to collect cash receipts where possible.
When my wallet becomes empty, I try to balance the account. I usually have
about $5 or $10 that I can't account for (vending machines, fast food,
etc.). I just enter the $5 or $10 transaction with memo "Don't know where
it went." The money is withdrawn from "Cash in Wallet" and deposited into
the default spending account (e.g. "Expenses:Misc" or
"Expenses:Blackhole").
HTH!
--
G a b r i e l M . B e d d i n g f i e l d
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