Lost Checks - No Payee - Best Practice

[John Ralls]

> On Jun 8, 2015, at 12:31 PM, Milton Stern <drmoshe5 at gmail.com> wrote:
> 
> Thanks for the suggestion Fred.
> 
> Re:"Why would you want a second account anyway? A txn with zero value does
> not require a balancing split in another account."
> 
> But, it seems that if I do not assign an account for transfer, it defaults
> to "Orphan".
> --
> And, thanks John for the standard accounting info. I am not an accountant,
> and would be a classified as a newbie in accounting lingo.

Me either, but I am a GnuCash developer. In this context “Orphaned Gains XXX” and “Imbalance XXX” aren’t standard accounting terms, they’re the names of the accounts that GnuCash uses — to the point of creating if they don’t already exist — in the situations I described. I failed to explain that XXX is replaced with the three-letter ISO code for the currency in which the gains or imbalance is denominated, and that those are the English names; others are used if you’re using a different locale.

Regards,
John Ralls