user/account mapping
Mike or Penny Novack
stepbystepfarm at mtdata.com
Fri Mar 5 07:41:48 EST 2010
try this wrote:
>How about petty cash accounts for each person. You move money there and can
>spend it without specifying what for.
>If you wanna change it to a specific expense later, after the gift has
>exchanged hands, you can.
>
>
Done properly the petty cash approach does let you specify "what for" in
the main books. For that you would each maintain separate "petty cash
books" and once a month (or whenever) the TOTALS for each expense
category would be transferred to the main household books and the petty
cash funds refilled at the same time. Exact details of the transactions
will depend on where you keep your "petty cash" funds. One usual
approach is that the fund is assigned an amount and will always be
restored to that amount (the amount of the replenishment will then
always be the same as the total of petty cash expenses - petty cash
income).
Michael D Novack
--
There is no possibility of social justice on a dead planet except the equality of the grave.
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