Best practice for cash difference

Andras Toth bamota at gmail.com
Sun Mar 28 07:25:11 EDT 2010


On Sunday 28 March 2010 01.49.10 M Prindle wrote:
> On 3/27/2010 6:26 PM, Andras Toth wrote:
> > Hello, again.
> >
> > If I am tracking my cash in wallet, and it turns out that there is
> > actually less money in the wallet than there should be, what is the best
> > practice for accounting it? Just add an entry called "unknown
> > expenditure", or is there a better solution?
> >
> > Thanks,
> >
> > Andras
> > _______________________________________________
> > gnucash-user mailing list
> > gnucash-user at gnucash.org
> > https://lists.gnucash.org/mailman/listinfo/gnucash-user
> > -----
> > Please remember to CC this list on all your replies.
> > You can do this by using Reply-To-List or Reply-All.
>
> What I personally do when I've failed to record entries in my cash on
> hand accounts is to enter a large catchup entry that matches what my
> current balance is.  I normally call it Balance Adjustment, what is
> pretty much what your thinking about doing.  Now this is only for
> personal use, not business so I wouldn't suggest doing this for a petty
> cash account.
>
> Mike
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

Hello Mike, thanks for replying. Of course the account in question is my 
personal money, not that of a company :)
Regards,
Andras


More information about the gnucash-user mailing list