Not an accountant, but I'd probably go with Assets:Cash
How you handle the subsequent procedures will better be addressed by others.
On 9/29/2020 4:16 PM, Roderick A. Anderson wrote:
Good day to all.
I have a question that may require me contacting an accountant but
this is my first pass.
First I am the Treasurer for a small US 501c3. Never been an
accountant nor played one on TV. ;-)
We have an annual fund raiser. I withdraw cash from the
checking/General account for the cash boxes. In the past (and what I
inherited) was to make it an expense entry. Just doesn't seem right
since we still have the money.
Should I create another Asset account and record it there?
TIA,
Rod
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