Cash Book

[Mike or Penny Novack]

>Hi There
>
>My auditor requires a written up cash book.  I cannot find any report that
>matches the cash book as per normal accounting practice.
>
>Can anybody help.  I am on 2.4.13
>
>Thanks
>
>Chris
>  
>
Try looking at this question form the viewpoint of traditional "pen and 
ink on paper" bookkeeping. Do you understand how that was done and why? 
Or compare to how you enter transactions in gnucash (where you DON'T 
first enter them in a journal and then post them).

Cash book accounting was  simplification of traditional bookkeeping 
which came about when it was noted that transactions that affected JUST 
cash on one side and one of  a limited subset of transactions on the 
other made up an extremely high percentage of all transactions. So THESE 
were entered into the "cashbook", a book of ledger accounts only (no 
journal involved, the "cash" account would be in date order). That saved 
having to "post" these transactions. There would also need to be a main 
set of books in which were entered all other transactions, first in a 
journal, then posted to the ledger.

Once every do often (daily, weekly, monthly) the TOTALS from the 
cashbook were "transferred" to the main books (a big split transaction 
"closing out" all these accounts -- look at an old accounting book). So 
at this point the cashbook is proven "in balance" and a new period begins.

Ask your auditor if this is what he means? If he wants separate books 
for the "cash book", "petty cash", etc. you can model this in gnucash 
which will support as many sets of books as you like.

Michael