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

[Michael or Penny Novack]

> What sort of account would the 'intermediate' account be?  It's not an
> 'income' because money from it doesn't go straight to the bank
> account. I guess it could be called an Asset.  In fact I suppose an
> Asset account called 'Cash in Hand' would make some sense.
>
> The reality is that I only count up the money every month or so, we
> only have one service every two weeks,  it's a very small community with a
> dearth of people available to take services.  The Church Warden bags
> up the collections teken at the services and also the contents of the
> offertory box.  Then, at the end of the month, as and when I have
> time, I unbag the money, add it all together to check the Church
> Warden's sums (always correct!) and take it to the Post Office or bank
> to deposit it.
>
> What I want is a way to record in the 'Collections' and separate
> 'Offertory Box' income accounts the amounts for the collections
> at services and from the offertory box.  These all arrive in the bank
> account as a single transaction.
>
It would be of type "asset". It would be used for the debit side of 
transactions as received. The credit side would be some income account, 
collections plate, offertory box, etc.Does the church warden note down 
how much was from each source as he puts it into the bag?

Then when you finally get around to depositing into the bank account, 
that would be a TRANSFER between two accounts both of type asset.

Michael D Novack