cash: avoid "double count"

Uwe Brauer oub at mat.ucm.es
Tue Feb 10 09:40:31 EST 2009


>>>>> "Mike" == Mike or Penny Novack <stepbystepfarm at mtdata.com> writes:

   > Uwe Brauer wrote:
   >> 
   >> 
   > Yes everybody (including businesses) has come up against this
   > "problem" and the usual solution is called "petty cash". I haven't
   > ever used the built in "cash in wallet" feature so don't know if it
   > functions as a proper "petty cash" account. The point is that when
   > done properly, both a "current account" (bank) and "petty cash" are
   > both cash accounts and a transfer between them is NOT a "cash flow"
   > item. Just like if you have two checking accounts transferring
   > money from one to the other would not be a cash flow item.

Hm, I think I have seen the petty cash account in a version of gnucash
prior to 2.0 (but then I did not use gnucash really). In the 2.2.4
version, I am using now, I can't find this account so I am not sure how
to proceed.


Uwe 



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