[GNC] Cash Account Question
David T.
sunfish62 at yahoo.com
Wed Jan 23 08:22:27 EST 2019
Lorrie,
John's suggestion will work.
Assuming of course that you spent this cash, then you create transactions of some sort that move this cash to some expense account. John's technique will work, although it doesn't provide any information about how you have spent the money.
I try occasionally to create transactions that allocate my cash along the lines of how I think I actually spent it. So, something like:
Assets:Cash -200Expenses:Dining 75Expenses:Household 125
Granted, at this point, it's all making things up, but it can help when running various reports to have numbers that might relate to reality.
Of course, some people actually track their actual cash expenses, actually. I just never had that much dedication.
Cheers,David
On Wed, Jan 23, 2019 at 9:44, John Ralls<jralls at ceridwen.us> wrote:
> On Jan 22, 2019, at 7:24 PM, Lorrie Laskey <lrlaskey at gmail.com> wrote:
>
> Looking over my accounts, I see a Cash account with what looks like every
> cash transaction I have ever made going back 4 years. Since I don't track
> my cash, it is a negative balance and is skewing the balance of my overall
> accounts.
>
> Do I need to track this and if not, how do I delete it without deleting the
> individual transitions from their original accounts?
What kind of account (i.e. asset, expense, etc.) is it and what’s an example of a transaction involving it?
I don’t track cash either and use an “expenses:cash” account to balance cash withdrawals. Is it something like that?
Regards,
John Ralls
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