[GNC] Lodging a cheque to an a/c - 'cash in wallet'??

[Derek Atkins]

Hi,

On Mon, January 17, 2022 10:51 am, Mahon Finbar wrote:
> Hi,
>
> My wife got a cheque (or check if you insist) and lodged it in her bank
> account.
>
> I want to enter it as a deposit to her a/c. It only seems to accept
> Assets:Current Assets:Cash in Wallet as a transfer entry without
> entering two transactions - deposit and withdrawal....
>
> Since the amount will be credited to the a/c "cash in wallet" somehow
> doesn't seem right?
>
> Is there a 'proper' way to enter a cheque lodgement?

Just like any other deposit....   You debit your checking/bank account for
the amount of the check, and then credit the amount from wherever the
funds are coming from, like Income:Salary, Income:Gifts Received, etc.

Why did she get a check?  What was it paying for?  That will help you
decide where the credit the funds.

> Finbar

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-derek

-- 
       Derek Atkins                 617-623-3745
       derek at ihtfp.com             www.ihtfp.com
       Computer and Internet Security Consultant