On Thu, Sep 10, 2020 at 05:54:26PM -0400, Michael or Penny Novack wrote:
>
> But unwise to trust honor too far. My normal practice is every few hours to
> remove some amount of currency leaving just enough for change and replacing
> what I took out with a signed, dated, time stamped slip for what
Yes, forgot about that, thanks. I've used similar procedures.
Regards,
Adrien
On 9/10/20 4:54 PM, Michael or Penny Novack wrote:
On 9/10/2020 5:29 PM, Adrien Monteleone wrote:
I'm not sure what you are referencing by 'paying-in slip'.
POSSIBLY something else. For example, there is an annual
Yep, sorry. It started as a post expounding on yours, but then morphed
after I reviewed it before posting.
Apologies for any confusion.
Regards,
Adrien
On 9/10/20 4:56 PM, Michael Hendry wrote:
Hi, Adrien.
This appears to be a response to my last comment but I think it was intended
for Chr
> On 10 Sep 2020, at 22:29, Adrien Monteleone
> wrote:
>
> I'm not sure what you are referencing by 'paying-in slip'.
>
> I always try to model the real world events with my transactions, so receipts
> of cash would be recorded for the date they actually happened:
>
> Dr. Undeposited Funds
>
On 9/10/2020 5:29 PM, Adrien Monteleone wrote:
I'm not sure what you are referencing by 'paying-in slip'.
POSSIBLY something else. For example, there is an annual event at which
a "teacup auction" takes place. There is both cash and checks placed in
the can when people buy tickets, sometimes
I'm not sure what you are referencing by 'paying-in slip'.
I always try to model the real world events with my transactions, so
receipts of cash would be recorded for the date they actually happened:
Dr. Undeposited Funds
Cr. Income:whatever (collection, offertory box, etc.)
Then when the dep
I think the best approach is either:-
1 - Record the amounts in their different categories as required,
e.g. 'collection' or 'offertory box' and simply record the same
paying-in slip number against both transactions.
2 - Have, as you suggest, an intermediate "Undeposited Fund
> On 10 Sep 2020, at 09:52, Chris Green wrote:
>
> On Wed, Sep 09, 2020 at 05:42:05PM +0100, Michael Hendry wrote:
>>
>> This probably won’t be an issue for Chris Green, who would be better served
>> by an Undeposited Funds asset account.
>>
> Yes, I think you're right. We don't have any 'pet
On Wed, Sep 09, 2020 at 05:42:05PM +0100, Michael Hendry wrote:
>
> This probably won’t be an issue for Chris Green, who would be better served
> by an Undeposited Funds asset account.
>
Yes, I think you're right. We don't have any 'petty cash' in any of
the normal senses. We do have quite a b
> On 9 Sep 2020, at 15:25, Michael or Penny Novack
> wrote:
>
> On 9/8/2020 11:32 PM, Adrien Monteleone wrote:
>> I've seen suggestions in accounting texts (and use myself) an account called
>> 'Undeposited Funds' as a Current Asset. Checks and currency destined to the
>> bank (but not there y
On 9/8/2020 11:32 PM, Adrien Monteleone wrote:
I've seen suggestions in accounting texts (and use myself) an account
called 'Undeposited Funds' as a Current Asset. Checks and currency
destined to the bank (but not there yet) are recorded here when received.
Regards,
Adrien
Yes, the term "pet
I've seen suggestions in accounting texts (and use myself) an account
called 'Undeposited Funds' as a Current Asset. Checks and currency
destined to the bank (but not there yet) are recorded here when received.
Regards,
Adrien
On 9/8/20 4:58 PM, Max Hyre wrote:
Be careful with the `petty
Dear Chris:
>> Some items need to be shown or accessible for statistics, for grant
>> applications or for statutory reporting. There could be any number of
>> reasons behind "we've always done it that way" :-).
>
> Yes, I will be asking at the next PCC meeting and will keep the
> separation u
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