On 9/19/2019 9:20 AM, orn...@tutanota.com wrote:
How does one debit and credit for a bank check when the person/company doesn't want to accept a personal check? I usually forgo reality and just record that I sent the personal check directly to the individual, but that's not exactly what happens.
I think this depends on how fancy you want to be. Perhaps not unrelated to how you enter OTHER "check" transactions for which there is no check number like automatic payments, one time electronic payments, etc.
IF the money (for purchase the bank check) came from the checking account, I'd probably treat is as a numberless check putting into the description column something like "bank check to......." instead of just the payee. But if there was going to be a significant delay before the bank check/cashiers check was handed over might treat it as an asset << it perhaps is NOT likely to be actually used, say necessary to take part in bidding, but only used if one wins the auction >>
But I am NOT an accountant. Just quite aware that this is normal procedure for certain sorts of transactions.
Michael D Novack _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
