[GNC] Checking account withdrawals for cash boxes

[David T.]

Not an accountant, but I'd probably go with Assets:Cash

How you handle the subsequent procedures will better be addressed by others.

On 9/29/2020 4:16 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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