Re: [GNC] Non-expense, non-income transactions?

2019-09-03 Thread Michael Hendry
> On 4 Sep 2019, at 00:29, Rich Shepard wrote: > > On 9/3/2019 3:08 PM, Roderick Anderson wrote: > >> I am looking for suggestions on how to account for cash pulled from the >> checking account to be used for making change for our fund raising event >> and then redeposited into checking. > > Ro

Re: [GNC] Non-expense, non-income transactions?

2019-09-03 Thread Rich Shepard
On 9/3/2019 3:08 PM, Roderick Anderson wrote: I am looking for suggestions on how to account for cash pulled from the checking account to be used for making change for our fund raising event and then redeposited into checking. Rod, I have an asset account called 'Petty Cash'. Most of the time

Re: [GNC] Non-expense, non-income transactions?

2019-09-03 Thread Mike or Penny Novack
On 9/3/2019 3:08 PM, Roderick Anderson wrote: This might be on the edge between using GnuCash and Accounting principals. Any help or suggestions will be appreciated. I am the Treasurer for a small 501(c)(3) with all my accounting knowledge as OJT. Nothing formal. I am looking for suggestio

Re: [GNC] Non-expense, non-income transactions?

2019-09-03 Thread Roderick Anderson
Thanks. This is what I'll do. Rod -- On September 3, 2019 12:20:20 John Ralls wrote: On Sep 3, 2019, at 12:08 PM, Roderick Anderson wrote: This might be on the edge between using GnuCash and Accounting principals. Any help or suggestions will be appreciated. I am the Treasurer for a s

Re: [GNC] Non-expense, non-income transactions?

2019-09-03 Thread Adrien Monteleone
This is common in many businesses, particularly restaurants. Create a ‘Petty Cash’ account as a current asset account. When you ’top off’ the Petty Cash fund, do the following: Dr. Assets:Current Assets:Petty Cash Cr. Assets:Current Assets:Checking If you spend any money from the Petty Cash acc

Re: [GNC] Non-expense, non-income transactions?

2019-09-03 Thread John Ralls
> On Sep 3, 2019, at 12:08 PM, Roderick Anderson wrote: > > This might be on the edge between using GnuCash and Accounting principals. > Any help or suggestions will be appreciated. > > I am the Treasurer for a small 501(c)(3) with all my accounting knowledge as > OJT. Nothing formal. >

[GNC] Non-expense, non-income transactions?

2019-09-03 Thread Roderick Anderson
This might be on the edge between using GnuCash and Accounting principals. Any help or suggestions will be appreciated. I am the Treasurer for a small 501(c)(3) with all my accounting knowledge as OJT. Nothing formal. I am looking for suggestions on how to account for cash pulled from the