Square Cash Exchange how the heck do I do this?
DaveC49
davidcousens at bigpond.com
Mon Apr 25 04:18:51 EDT 2016
Hi trythis,
The simplest way would be to create an Asset: EFT Clearing sub account to
record the
Asset:EFT Clearing Debit $20
Asset:Cash Drawer
Credit $20
When the money is transferred into your bank account after being cleared by
the bank which may be some time later, it would be recorded as
Asset:Bank Debit $20
Asset:EFT Clearing
Credit $20
and if and when you replenish your Cash Drawer with an amount $xx at some
other time
Asset:Cash Drawer Debit $xx
Asset :Bank
Credit $xx
Davec49
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