Source for (historic) Deposits to Checking account with almost no information
Mike or Penny Novack
stepbystepfarm at mtdata.com
Tue Mar 31 09:05:34 EDT 2015
But every once in a while, my wife has made a deposit about which I have
no information other than the amount and the date. In the future, we
will record the information more carefully, but for right now, what do I
use as the source for that deposit? I don't to track it all that
closely, it's a paltry amount. Is the best thing to do to create some
kind of Equity::MysteriousDeposits account, and use that for the source?
Thanks, Mike
In the earliest days of double entry bookkeeping there were no ledger
accounts of type "income" or "expense" and the transactions were
immediately recorded against equity. Later (still a long time ago)
somebody realized that more information was available if these
transactions were recorded in temporary accounts of type "income" and
"expense" (letting one see what the totals for categories was) and only
at the end of the accounting period close these to equity.
So you could simply have an account of type "income" with a name like
"unknown". The only problem would be with those that were actually
reimbursements (should have been a transfer between asset accounts) but
you can correct those at the end of the period if you find you had
reimbursements still pending in your books (but learned that
reimbursement had in fact been made).
Michael
--
There is no possibility of social justice on a dead planet except the equality of the grave.
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