Confused on a split deposit transaction with cash back
prl
prl at ozemail.com.au
Wed Jan 18 21:10:02 EST 2017
At that resolution, I can't really make out what the transactions are.
And perhaps it's for the best. I'd be reluctant to post a full page of
my personal accounting information like that. Try editing it down to
just show the relevant transactions, and post it in a higher resolution.
In any case, the question to ask is "where is that $100 going": it must
go into some account.
I use a Wallet Asset account for our personal cash holdings. Cash (from
any source) goes into the Wallet account (and cash spending comes out of
it). So that's where that $100 would go in my account setup. It means I
can keep track of cash spending as well as transactions from our banking
accounts.
For business accounting, the cash account might be "Petty cash" or "Cash
in hand" or similar.
If you don't want to keep a Wallet Asset account or similar, you'll need
a "Cash I can't be bothered accounting for" Expense account. The $100
(and any other things like ATM withdrawals) could go into that. What
account to you put ATM withdrawals into, anyway?
Peter
On 19/01/2017 08:44, kaloa wrote:
> I'm very new to both accounting and Gnucash, I can not get this to
> work....I've got 2 seperate checks, with 100 cash taken at time of deposit.
>
> bonus check for 667.63
> regular paycheck for 1032.98
> Total 1700.61
> Cashback 100.00
>
> If I use the 1700.61 total without accounting for the cashback, I'm 100 off
> in my register, the bank only shows 1600.61 as the actual deposit..how to
> account for the 100 cash? The 100 cash keeps popping into both columns..
> <http://gnucash.1415818.n4.nabble.com/file/n4689022/Screenshot_2017-01-18_15.png>
>
>
> For now I've given up on sorting it and just put in a 1600.61 deposit
>
>
>
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