How to fix a 50 cent bank error

[Maf. King]

+1 for Colin's first paragraph.  I wouldn't do the 2nd, but it is perfectly 
valid.

Maf.


On Tuesday, 25 April 2017 10:15:40 BST Colin Law wrote:
> On 25 April 2017 at 09:25, Anita Graves <anitagraves at mac.com> wrote:
> > Maf.
> > Thank you.  I am creating a new account: Income:Other Income:Bank Error -
> > with an explanation in the transaction line. And I am moving the 50 cents
> > out of my cash on hand and into this account.   Is that what you meant?
> I think you should correct the original deposit transaction so that it
> shows the amount that appeared in the bank account, with splits
> showing 50 cents coming from the income account and the rest coming
> from cash in hand. That reflects what actually happened.
> 
> Alternatively you could enter it as 50 cents out of the income account
> and into your cash in hand (not the other way round). So that it
> explains where the extra 50 cents in your cash came from.  The nett
> result is the same but the former is a better representation of what
> actually happened.
> 
> Colin
> 
> > Anita
> > 
> >> On 25 Apr 2017, at 10:24 AM, Maf. King <maf at chilwell.net> wrote:
> >> 
> >> On Tuesday, 25 April 2017 07:48:44 BST Anita Graves wrote:
> >>> Hello all,
> >>> 
> >>> I have a 50 cent error in my cash account.  It happened because the bank
> >>> gave me credit for an extra 50 cents in a deposit I made.  The bank is
> >>> not
> >>> interested in fixing this error because it is old, and at the same time
> >>> I
> >>> do not want to carry it forward as cash on hand.  I am preparing to
> >>> close
> >>> the books for the fiscal year.
> >>> 
> >>> Can I open a new account under the checking account ‘bank error’ and put
> >>> it
> >>> there?
> >>> 
> >>> What else could I do?
> >> 
> >> Hi Anita,
> >> 
> >> I would suggest that the account you need to create is Income:BankError,
> >> since the extra money is presumably already showing in the bank account,
> >> and you need a transfer account for it?
> >> 
> >> I might use Income:OtherINcome as a transfer account (with plenty of
> >> notes in the transaction), to avoid creating a (probably) single-use
> >> account in the tree.
> >> 
> >> HTH,
> >> Maf.
> >> 
> >> 
> >> _______________________________________________
> >> gnucash-user mailing list
> >> gnucash-user at gnucash.org <mailto:gnucash-user at gnucash.org>
> >> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> >> <https://lists.gnucash.org/mailman/listinfo/gnucash-user> -----
> >> Please remember to CC this list on all your replies.
> >> You can do this by using Reply-To-List or Reply-All.
> > 
> > _______________________________________________
> > gnucash-user mailing list
> > gnucash-user at gnucash.org
> > https://lists.gnucash.org/mailman/listinfo/gnucash-user
> > -----
> > Please remember to CC this list on all your replies.
> > You can do this by using Reply-To-List or Reply-All.


-- 
Maf. King
PGP Key fingerprint = 8D68 A91F 733B 2C1F 43B7  2B7C E591 E8E1 0DE7 C542