Thanks for the replies Penny and DaveC49. I have placed Treasury Bills
under the heading of assets/current assets/cash/. The maturity will be
28 days.
Regards,
Les
On 04/21/2018 06:27 AM, Mike or Penny Novack wrote:
On 4/20/2018 10:46 PM, Les wrote:
Hi Gnucashers:
Curious, I am wondering if it is correct to classify TBills as "Cash"?
Suggestions?
Thanks,
Les
Not cash but probably cash equivalents (so still under current
assets). Other "negotiable paper" probably treated the same way. But I
learned in the old days, and perhaps now* that direct wire transfers
are much used, maybe modern accounting has another take on this. The
point is, this is not really a gnucash question. You don't have a
problem about HOW to enter an account for these but WHERE in the CoA
the account belongs. That is an accounting question, not a gnucash
question << you are looking for an answer that would apply even were
you keeping books the old fashioned way, pen and ink on paper >>
Michael D Novack
* The point here is that going back hundreds of years, "bills of
exchange" and other negotiable paper was how large amounts were moved
over distance. Much safer than shipping gold.
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