[GNC] Checking account withdrawals for cash boxes

[Stephen M. Butler]

Yes, that would be a Cash Box asset account.  If you wanted to track
each box individually then make a sub-account for each under Cash Box.

On 9/29/20 1:16 PM, Roderick A. Anderson wrote:
> Good day to all.
>
> I have a question that may require me contacting an accountant but
> this is my first pass.
>
> First I am the Treasurer for a small US 501c3.  Never been an
> accountant nor played one on TV. ;-)
>
> We have an annual fund raiser.  I withdraw cash from the
> checking/General account for the cash boxes. In the past (and what I
> inherited) was to make it an expense entry.  Just doesn't seem right
> since we still have the money.
>
> Should I create another Asset account and record it there?
>
>
> TIA,
> Rod
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-- 
Stephen M Butler, PMP, PSM
Stephen.M.Butler51 at gmail.com
kg7je at arrl.net
253-350-0166
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