[GNC] Non-expense, non-income transactions?

[Roderick Anderson]

Thanks.

This is what I'll do.


Rod
-- 

On September 3, 2019 12:20:20 John Ralls <jralls at ceridwen.us> wrote:

>> On Sep 3, 2019, at 12:08 PM, Roderick Anderson <raanders42 at gmail.com> wrote:
>>
>> This might be on the edge between using GnuCash and Accounting principals.  
>> Any help or suggestions will be appreciated.
>>
>> I am the Treasurer for a small 501(c)(3) with all my accounting knowledge 
>> as OJT.  Nothing formal.
>>
>> I am looking for suggestions on how to account for cash pulled from the 
>> checking account to be used for making change for our fund raising event 
>> and then redeposited into checking.
>>
>> In the past (in my ignorance) I treated it as an expense then an income.  
>> We missed a year of the event so I figured now would be a good the time to 
>> get it right.
>>
>> That make any sense?
>
> Create an account Assets:Current Assets:Cash Box and transfer whatever 
> amount you want into it. Book all of the receipts into that account (you 
> can batch them up if you don't feel the need to track them individually). 
> At the end of the event the Cash Box account and the cash on hand should be 
> the same. Your deposit back into the bank account is a simple transfer 
> transaction just like the starting withdrawal.
>
> Regards,
> John Ralls