[GNC] How to record payments for several items paid with a single transaction?
Michael Hendry
hendry.michael at gmail.com
Sat Jul 22 16:45:39 EDT 2023
On 22 Jul 2023, at 17:58, cl at isbd.net wrote:
>>
> But what if one has cash from two collections to go to the same account.
> I.e. a collection on 22nd July and a collection on 29th July both
> paid in at the same time?
>
Record the collections individually as Assets:Current Assets:Cash received from the appropriate Income: account, one on the 22nd July, the second on the 29th.
When you come to deposit the cash in the current account the cash moves from Assets:Current:Cash to Assets:Current:Bank - the original sources of the cash aren’t relevant at this point.
The same applies to Cheques Received - the reason the cheque was received is recorded as it is received, and a bunch of cheques can be paid into the current account without having to specify what the cheques are for.
Regards,
Michael
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