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
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
-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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