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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