cash: avoid "double count"

[Mike or Penny Novack]

Uwe

>
>I want for example 
>
>5 of january 50 dollars withdrawn (and spent in the following way)
>  expenses (book): 6 january 45 book amazon
>  expenses (restaurant): 6 january 5 (starbucks)
>
>Spent 50 dollars  
>
>This way I want to control how I spent my 50 dollars, 
>
>So I presume the answer of this a sub accounts 
>
>   >> Uwe 
>  
>
I will try again?
  

Checking           
Jan 5                   50 credit

Petty Cash            (wallet)
Jan 5                  50 debit
Jan 6                    50 credit (split)

Expenses - Books
Jan 6                   45 debit

Expenses - Food at restaurants
Jan 6                5 debit

The  January 5 transaction should not show up as a cash flow (it's just 
a transfer between two cash accounts). If you have your cash flow 
specifications correctly, it won't. The question of "sub accounts" not 
really part of this except yes, I'd have both the checking account and 
the petty cash account (wallet/drawer) as accounts under a "current 
assets" parent. But that's because I would be likely to have "fixed 
assets" also.

Michael

NOTE: I've left out of this how you will be handling the "description" 
field to store more information about the transactions. For example, you 
will probably wan to note that the books were bought via Amazon and the 
coffee at Starbucks and that the check you cashed was a "transfer"