[GNC] How to record payments for several items paid with a single transaction?

[Michael or Penny Novack]

> 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?
>
First of all, you are perhaps confusing when money/cash/check received 
with when deposited.

Let's say the following events:

a) 7/14   check $100 for building fund

b) 7/15   check $50   general donation

c) 7/16   collection plate$47.45

d) 7/17   deposited these checks and cash to the bank account

The ley thing to keep in mind is that the bank deposit date has nothing 
to do with when "cash" was received. There are FOUR separate events 
here, three receipts of cash (if normally no "cash box" might call tat 
account "undepositied funds") and each of these credited to the 
appropriate income account and then a fourth transaction transferring 
the undeposaited funds to the bank account.

Is the source of confusion that you are e=required to list each check 
separately on the deposit ticket? THAT has nothing to do with your books 
(nor is it reflected in your bank statement. Think of that as just 
rechecking your sums.

Michael D Novack