Double-entry question

Fred Bone Fred.Bone at dial.pipex.com
Sat Feb 12 12:20:31 EST 2011


On 12 February 2011 at 7:18, Ian X Waddington said:

> Hi
> 
> 
> 
> Just need some advice about how to manage what seems like a simple
> transaction.
> 
> 
> 
> I have two pots of cash. One is my 'cash in pocket' the other is my 'Gifts
> Received', I like to keep them separate as it makes spending the gift
> money on something special all the more special and it doesn't simply get
> lost in the day-to-day.  I carry both around in my wallet.
> 
> 
> 
> Yesterday I ran out of 'cash in pocket' so borrowed from 'gifts received'
> to pay for my take-away tea.
> 
> 
> 
> This is very simple and I managed to enter the transactions to give the
> right cash result but I have lost the reminder that shows that 'cash in
> pocket' now owes 'gifts received'.
> 
> 
> 
> Is there a better way to enter the above than a simple cash transfer
> between two cash accounts to give the reminder I need?

Instead of crediting "gifts received", create a subaccount ("borrowed"?) 
and credit that. You could get elaborate and use a liability account 
instead (which is what you'd do if your pocket borrowed the money from 
your friend).




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