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#2
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| Answers: 1) Periodically balance the cash in your pocket (and in your drawer ref. Q #3) to the amount Money thinks is there. Typically, the cash in the pocket will be less than Money thinks. I use Miscellaneous, but you are on the right track. 2) No. 3) Transfer it from your Pocket Change account (or whatever you name it) to the checking account. You don't categorize it unless it's more than Money thinks you have in that acoount in which case you do the reverse of answer #1. "Chris Guimbellot" <cguimbellot[at]FORGETSPAM.hifranchise.com> wrote in message news:OKkenpBgEHA.236[at]tk2msftngp13.phx.gbl... Sounds like a good idea. A few questions though: 1. What about the cash that I cannot account for? Do I add an adjustment category like "Misc" or "Unaccountable"? 2. Does the existence of this account have any tax consequences? 3. With my leftover cash, I usually put it in a drawer and save it. Eventually, I put that cash back into my checking account to pay for a trip, credit card, or something like that. How would I categorize this cash? I have a feeling that it has nothing to do with the original question, but I figured that maybe you have had that situation before so you may have an answer. I appreciate the response. Any idea on these? Thanks, |
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#1
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| Sounds like a good idea. A few questions though: 1. What about the cash that I cannot account for? Do I add an adjustment category like "Misc" or "Unaccountable"? 2. Does the existence of this account have any tax consequences? 3. With my leftover cash, I usually put it in a drawer and save it. Eventually, I put that cash back into my checking account to pay for a trip, credit card, or something like that. How would I categorize this cash? I have a feeling that it has nothing to do with the original question, but I figured that maybe you have had that situation before so you may have an answer. I appreciate the response. Any idea on these? Thanks, Chris "Tagman" <Tagman_2000[at]hotmail.com> wrote in message news:OD32d0AgEHA.384[at]TK2MSFTNGP10.phx.gbl... I would recommend transferring your ATM withdrawal to another account - say "CASH". Then, enter your specific expenses each day against the remaining cash balance. Eliminates the needs for splits. "Chris Guimbellot" <cguimbellot[at]FORGETSPAM.hifranchise.com> wrote in message news:ObfAip%23fEHA.3476[at]tk2msftngp13.phx.gbl... Hello, Money 2004. I sometimes will make a withdrawal, such as from the ATM, where at the time, I may not purchase anything. Lets say the next day, I go buy fast food with some of the cash. When I get home, I will then split the transaction to add the entry for the cash I spent on the fast food. When I do that, I just enter what I spent. I don't change the original cash entry to the new remainder. When I enter that original split, Money provides the nifty little "Sum of Splits" and "Unassigned" calculations at the bottom of the split window so I don't have to do the math. When, I click Done, I get the "Adjust Split Amount" window where I select "Distribute the [new entry] proportionately between the split amounts." This is cool because it just adjusts the original cash entry to itself minus the new fast food entry. Here is my question: When I go to enter another transaction, say because I went out for a beer, then the "Sum of Splits" and "Adjust Split Amount" window do not show. That means I have to do the math and not only enter the new transaction (the beer), but readjust the original cash entry. Is there any way that I can change this so that the adjustments are made for me just as in the first time I split the transaction? If my writing is hard to understand, which it often is, please let me know and I can clarify. Thanks, Chris |
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| I would recommend transferring your ATM withdrawal to another account - say "CASH". Then, enter your specific expenses each day against the remaining cash balance. Eliminates the needs for splits. "Chris Guimbellot" <cguimbellot[at]FORGETSPAM.hifranchise.com> wrote in message news:ObfAip%23fEHA.3476[at]tk2msftngp13.phx.gbl... Hello, Money 2004. I sometimes will make a withdrawal, such as from the ATM, where at the time, I may not purchase anything. Lets say the next day, I go buy fast food with some of the cash. When I get home, I will then split the transaction to add the entry for the cash I spent on the fast food. When I do that, I just enter what I spent. I don't change the original cash entry to the new remainder. When I enter that original split, Money provides the nifty little "Sum of Splits" and "Unassigned" calculations at the bottom of the split window so I don't have to do the math. When, I click Done, I get the "Adjust Split Amount" window where I select "Distribute the [new entry] proportionately between the split amounts." This is cool because it just adjusts the original cash entry to itself minus the new fast food entry. Here is my question: When I go to enter another transaction, say because I went out for a beer, then the "Sum of Splits" and "Adjust Split Amount" window do not show. That means I have to do the math and not only enter the new transaction (the beer), but readjust the original cash entry. Is there any way that I can change this so that the adjustments are made for me just as in the first time I split the transaction? If my writing is hard to understand, which it often is, please let me know and I can clarify. Thanks, Chris |
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#-1
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| Hello, Money 2004. I sometimes will make a withdrawal, such as from the ATM, where at the time, I may not purchase anything. Lets say the next day, I go buy fast food with some of the cash. When I get home, I will then split the transaction to add the entry for the cash I spent on the fast food. When I do that, I just enter what I spent. I don't change the original cash entry to the new remainder. When I enter that original split, Money provides the nifty little "Sum of Splits" and "Unassigned" calculations at the bottom of the split window so I don't have to do the math. When, I click Done, I get the "Adjust Split Amount" window where I select "Distribute the [new entry] proportionately between the split amounts." This is cool because it just adjusts the original cash entry to itself minus the new fast food entry. Here is my question: When I go to enter another transaction, say because I went out for a beer, then the "Sum of Splits" and "Adjust Split Amount" window do not show. That means I have to do the math and not only enter the new transaction (the beer), but readjust the original cash entry. Is there any way that I can change this so that the adjustments are made for me just as in the first time I split the transaction? If my writing is hard to understand, which it often is, please let me know and I can clarify. Thanks, Chris |
| Tags |
| spltting, tranactions |
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