cash: avoid "double count"

Derek Atkins warlord at MIT.EDU
Tue Feb 10 10:04:49 EST 2009


Uwe Brauer <oub at mat.ucm.es> writes:

>>>>>> "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.

Just include the Cash account in your Cash Flow set of accounts
along with the Bank account and then it wont show transfers between
those accounts.

> Uwe 

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available


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