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

[Mike or Penny Novack]

On 9/3/2019 3:08 PM, Roderick Anderson 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. 

Well "petty cash" is traditionally something slightly different <<  
would have its own mini set of books >>

Question: Do you not NOW have a "cash" account? Sometimes called 
"undeposited cash". For example, I do not drive to town every time a 
check arrives for the organization. They might accumulate even for a 
week or two till I get to the bank << it's about a 50 mile round trip >> 
If you do have an undeposited cash account you could use that; after 
all, you are unlikely to be depositing the day of the event.

But "cash box" or "change box" perfectly OK.

Michael D Novack