Possible problem with splits

[Mike or Penny Novack]

Andrew Sackville-West wrote:

>Here's how I would do a deposit as you describe. When a payment is
>recieved, whether from an invoice payment or from some other txn, I
>would record as a deposit to an asset account called "Undeposited
>Funds" or "Funds in Transit". When I make a bank deposit, then it
>would be recorded as one lump transfer. My line items would be split
>out in that interim account. I don't care about the various splits by
>the time it goes into the bank. What this does is allows the detail of
>each transaction to reside in another account in separate txns. The
>lump sum deposit to the bank is just that, a lump sum deposit. THe
>individual sources of income are handled in the other account and kept
>separate that way.
>  
>
That would indeed solve the problem.

>But, I don't actually have much call for this kind of detail in my
>accounts.
>
We do. No invoices (not for money coming in). And for all money coming 
in that isn't from national, would want to clearly record who from as 
this detail VERY useful.

Michael