4. Cash Handling?

[Thomas John Vitolo]

Tad:

I keep track of all cash transactions using the assorted expense subcategories,
including a few that I've added.

For me, the key is: coins don't count.  If something costs $1.45 and I use two
dollar bills, I put it in as $2.00.  If it costs $1.45 and I use a dollar bill
and spare change, it counts as $1.00.

It's true that this results in error.  However, the error is really small as a
percentage of total expenditure, and it makes it much easier to remember the
gnu-value of the transaction, since I don't have to remember the cents.  Also,
it makes it easier to rectify my wallet, since if I'm off its by a whole dollar
amount, which I find makes it easier to recall what transaction(s) I've
forgotten to log.

 - stomv

> Message: 4
> Date: Tue, 16 Jan 2007 12:47:20 -0600
> From: Tad Marko <tad at tadland.net>
> Subject: Cash Handling?
> To: gnucash-user at gnucash.org
> Message-ID: <20070116184720.GA19350 at www.tadland.net>
> Content-Type: text/plain; charset=us-ascii
> 
> 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