Cash Handling?

[Paul Schwartz]

----- Original Message ----
From: Tad Marko <tad at tadland.net>
To: Paul Schwartz <pmjs1115 at yahoo.com>
Sent: Tuesday, January 16, 2007 12:45:06 PM
Subject: Re: Cash Handling?

On Tue, Jan 16, 2007 at 11:34:35AM -0800, Paul Schwartz wrote:
> 
> 
> ----- Original Message ----
> From: Tad Marko <tad at tadland.net>
> To: gnucash-user at gnucash.org
> Sent: Tuesday, January 16, 2007 11:47:20 AM
> Subject: Cash Handling?
> 
> Since I pay for most things will a credit or debit card, I have in the
> past, using Quicken, I've only tracked cash as an expense. I've
> set up GnuCash similarly, but I want to gradually get better about
> tracking those expenditures. Would it make sense to leave cash as an
> expense account, but when I do have receipts to put rebate entries
> into the cash account, linking those expenses to their proper account?
> 
> Tad
> 

> In general, cash is an asset; it will be connected to Income and
>  Expense accounts. You'll have to get used to double entry
>  conventions [which are different from those you use with Quicken].
> 
> HTH
> Paul

I understand setting it up as an asset...I just tend to not track my
cash that well. In other words, once it's cash, it's already spent on
my books. It's just that occasionally I will get a receipt and want to
track it more specifically.

Tad

Ah! Petty Cash. I just transfer some bucks from checking to petty cash occasionally to have something to charge those expenses to.

Paul







 
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