That’s what I use as well. I think the usual terminology is Assets:Current Assets:Undeposited Funds.
Some people also call this the ‘check clearing’ account though 'Undeposited Funds' is more generalized and could include cash. A business which maintains a ‘Petty Cash’ account and otherwise deposits everything else would use this to ‘hold’ funds until that deposit is made. This way you never co-mingle physical cash with Petty Cash and you can easily audit your payment receipts vs. deposits. Regards, Adrien > On Nov 13, 2017, at 12:14 PM, Cam Ellison <c...@ellisonet.ca> wrote: > > On 13/11/17 09:45 AM, David Goodenough wrote: >> Does no-one else have this problem? >> >> When we try to split the transaction in the imbalance account to allocate >> the payment to >> invoices we notice that it almost lets us add one split, but it does not >> automatically >> decrement the amount allocated to the imbalance account and so try to end up >> with an >> unbalanced split. It will also only allow us to allocate one payment (after >> we have made >> the split balance), there is still an amount in the imbalance account which >> we can not >> allocate to another payment. >> >> > I have dealt with this by setting up a separate Asset account for receiving > payments, similar to what you have. When a payment is received, it goes into > this "Payment" account, and then when the bank deposit is made the > appropriate amount is debited from the Payment account. This process adds a > step between receipt of the cheque (thus acknowledging the invoice as paid) > and depositing it. In effect, it is a buffer. It works whether the invoice is > paid in full or only in part. No need to do any splits, which is where things > seem to go south for you. > > Cheers > > Cam > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
