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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