Make off setting entries to the cash account

#7 01-31-2006, 12:20 PM

I Balance the accounts to the cash in my pocket. I let it enter an Account
Adjustment against Miscellaneous (no subcategory) for the difference.

"Jason" <Jason[at]discussions.microsoft.com> wrote in message
news:3BC03244-C660-4A23-B70E-2E21D22F96D6[at]microsoft.com...
- quote -

> How do you make entries to reconcile your cash?

#6 01-31-2006, 03:51 AM

I enter what I spent it on. I have only a few things I use cash for, so I
don't usually have a problem figuring out what that was. The rest are the
reason we have "miscellaneous."

Susan

- quote -

> How do you make entries to reconcile your cash?

#5 01-31-2006, 02:34 AM

Thanks Chris.

"Chris Cowles" wrote:

- quote -

> "Jason" <Jason[at]discussions.microsoft.com> wrote in message
> news:3BC03244-C660-4A23-B70E-2E21D22F96D6[at]microsoft.com...
> > > Thanks Carl. I will make entries with no category to prevent them from
> > showing up in my budget and on reports.
> > > There's really no problem with the "Write-Off" account. I'm using the
> > "Write-Off" account to transfer money from cash to keep it from showing up
> > in
> > my budget. I will start making entries with no category instead.
> > > How do you make entries to reconcile your cash?
> I have a category I named 'Cash Withdrawal'. That's where all my ATM
> transactions go. I include it in my budget.
> Because the vast majority of my expenses pass through my credit card, and I
> use online banking to download and categorize all of those, my cash
> transactions are relatively small.
> I did track it in detail for a short while, but only proved to myself the
> expenses were insignificant. If I do spend a larger chunk of cash on
> something and want to bother categorizing it, I simply edit the
> corresponding ATM transaction in my checking account accordingly.
> --
> Chris Cowles
> Gainesville, FL

#4 01-31-2006, 12:21 AM

"Jason" <Jason[at]discussions.microsoft.com> wrote in message
news:3BC03244-C660-4A23-B70E-2E21D22F96D6[at]microsoft.com...
- quote -

> Thanks Carl. I will make entries with no category to prevent them from
> showing up in my budget and on reports.
> There's really no problem with the "Write-Off" account. I'm using the
> "Write-Off" account to transfer money from cash to keep it from showing up
> in
> my budget. I will start making entries with no category instead.
> How do you make entries to reconcile your cash?

I have a category I named 'Cash Withdrawal'. That's where all my ATM
transactions go. I include it in my budget.

Because the vast majority of my expenses pass through my credit card, and I
use online banking to download and categorize all of those, my cash
transactions are relatively small.

I did track it in detail for a short while, but only proved to myself the
expenses were insignificant. If I do spend a larger chunk of cash on
something and want to bother categorizing it, I simply edit the
corresponding ATM transaction in my checking account accordingly.
--
Chris Cowles
Gainesville, FL

#3 01-30-2006, 10:06 PM

Thanks for the responses.

"Cal Learner-- MVP" wrote:

- quote -

> In microsoft.public.money, Jason wrote:
> > > How do you make entries to reconcile your cash?
> I am not sure what you mean by that, but I don't track my pocket
> money. Others have techniques that are more rigorous.
> And I don't budget.
> In credit card, checking and investment accounts, I track down and
> fix discrepancies.

#2 01-30-2006, 09:18 PM

In microsoft.public.money, Jason wrote:

- quote -

> How do you make entries to reconcile your cash?

I am not sure what you mean by that, but I don't track my pocket
money. Others have techniques that are more rigorous.

And I don't budget.

In credit card, checking and investment accounts, I track down and
fix discrepancies.

#1 01-30-2006, 09:07 PM

"Cal Learner-- MVP" wrote:

- quote -

> In microsoft.public.money, Jason wrote:
> > How do I make entries in the cash account for reconciliation purposes and not
> > have the off setting entry show up on my reports or in my budget?
> You can use transactions with no category, if you are not using the
> Business version.
> You can customize reports to exclude certain categories.
> > > Currently I have a cash account called "Write-Off" and I transfer the amount
> > needed to reconcile from "Cash" to "Write-Off".
> I am not sure what is not working the way you like in that regard.
> In some cases, I could see money that is written off to be an
> expense. Perhaps that would just be for accrual vs cash accounting.
> Anyway, if you are looking to make the value of the "Write-Off"
> account go down without other effects, you could make the initial
> balance of that account more negative. I feel there is a better way
> to do what you want.

Thanks Carl. I will make entries with no category to prevent them from
showing up in my budget and on reports.

There's really no problem with the "Write-Off" account. I'm using the
"Write-Off" account to transfer money from cash to keep it from showing up in
my budget. I will start making entries with no category instead.

How do you make entries to reconcile your cash?

01-30-2006, 07:51 PM

In microsoft.public.money, Jason wrote:

- quote -

> How do I make entries in the cash account for reconciliation purposes and not
> have the off setting entry show up on my reports or in my budget?

You can use transactions with no category, if you are not using the
Business version.

You can customize reports to exclude certain categories.

- quote -

> Currently I have a cash account called "Write-Off" and I transfer the amount
> needed to reconcile from "Cash" to "Write-Off".

I am not sure what is not working the way you like in that regard.
In some cases, I could see money that is written off to be an
expense. Perhaps that would just be for accrual vs cash accounting.

Anyway, if you are looking to make the value of the "Write-Off"
account go down without other effects, you could make the initial
balance of that account more negative. I feel there is a better way
to do what you want.

#-1 01-30-2006, 07:40 PM

How do I make entries in the cash account for reconciliation purposes and not
have the off setting entry show up on my reports or in my budget?

Currently I have a cash account called "Write-Off" and I transfer the amount
needed to reconcile from "Cash" to "Write-Off".

Thanks,
Jason

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