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  #3  
Old 09-21-2003, 05:27 PM
Russell
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Posts: n/a
Default Re: best way to track ATM funds

I've set up two Cash accounts in Money 2002 named "Cash - Russell's wallet" and "Cash - (wife's name) wallet"; however, these show in the "Pick an account to use" list under the Bank Accounts section. When withdrawing cash from a Bank account (whether over the counter in a bank or from an ATM), I use a Transfer transaction in Money 2002 to debit From the bank account and credit To the cash-wallet account. Since cash taken from a bank physically goes into my wallet, this make perfect sense for me; then I can track individual expenses as a Spend or Receive in my wallet account and balance it whenever I want using the "Update ending balance" function. You can set up as many cash accounts as you feel needed for yourself or your operations (home business).
--
Russell


"Dick Watson" <littlegreengecko[at]mindspring.com> wrote in message news:OlTq2PufDHA.576[at]tk2msftngp13.phx.gbl...
- quote -

> I reconcile that account every now and then to the cash I have in my pocket.
> Almost always I have less cash than Money thinks. I expense the difference
> against Miscellaneous:[no subcat]. If you don't reconcile it, all of the
> spending you don't record gets lost forever.
> See http://www.bollar.org/msmoney/#Q93 for repetition/more insight.
> "jane" <takeuchigj[at]msn.com> wrote in message
> news:8ab401c37ede$310b75e0$a601280a[at]phx.gbl...
> > thank you for confirming the cash accounts - I assume I
> > would never reconcile that account - correct?
> > > > -----Original Message-----
> > > When withdrawing the cash, make it a transfer to a 'cash'

> > account that you
> > > set up. Then, track the individual purchases in that

> > account. It's a bit
> > > easier than doing this in the cash withdrawal with a

> > split, as you'd have to
> > > re-edit the transaction multiple times as you spend the

> > money.
> > > > > --
> > > Glyn Simpson, Microsoft MVP - Money
> > > > > Check http://support.microsoft.com/default.aspx?

> > scid=fh;EN-GB;mny
> > > for UK tips and fixes for MS Money. To send Microsoft

> > your wishes or
> > > suggestions, use

> > http://register.microsoft.com/mswish/suggestion.asp
> > > or email mnyukwsh[at]microsoft.com especially if it's a UK

> > specific wish.
> > > > > I do not respond to any unsolicited email regarding Money
> > > > > "Jane" <takeuchigj[at]msn.coml> wrote in message
> > > news:01b301c37ed1$bee06ef0$a401280a[at]phx.gbl...
> > > > What would be the best way to track the cash withdrawn
> > > > from ATM's. would it be to set up a cash account and
> > > > transfer the funds? I am attempting to track the "cash"
> > > > that goes into food, household expenses and "cash" that
> > > > isa spent on fun stuff -
> > > > Currently I have been spliting up the allocation

> > amounts -
> > > > but thought there must be a better way? any thoughts?
> > > > > > > > > > .

> >
  #2  
Old 09-19-2003, 07:26 PM
Dick Watson
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Posts: n/a
Default Re: best way to track ATM funds

I reconcile that account every now and then to the cash I have in my pocket.
Almost always I have less cash than Money thinks. I expense the difference
against Miscellaneous:[no subcat]. If you don't reconcile it, all of the
spending you don't record gets lost forever.

See http://www.bollar.org/msmoney/#Q93 for repetition/more insight.

"jane" <takeuchigj[at]msn.com> wrote in message
news:8ab401c37ede$310b75e0$a601280a[at]phx.gbl...
- quote -

> thank you for confirming the cash accounts - I assume I
> would never reconcile that account - correct?
> > -----Original Message-----
> > When withdrawing the cash, make it a transfer to a 'cash'

> account that you
> > set up. Then, track the individual purchases in that

> account. It's a bit
> > easier than doing this in the cash withdrawal with a

> split, as you'd have to
> > re-edit the transaction multiple times as you spend the

> money.
> > > --

> > Glyn Simpson, Microsoft MVP - Money
> > > Check http://support.microsoft.com/default.aspx?

> scid=fh;EN-GB;mny
> > for UK tips and fixes for MS Money. To send Microsoft

> your wishes or
> > suggestions, use

> http://register.microsoft.com/mswish/suggestion.asp
> > or email mnyukwsh[at]microsoft.com especially if it's a UK

> specific wish.
> > > I do not respond to any unsolicited email regarding Money
> > > "Jane" <takeuchigj[at]msn.coml> wrote in message

> > news:01b301c37ed1$bee06ef0$a401280a[at]phx.gbl...
> > > What would be the best way to track the cash withdrawn
> > > from ATM's. would it be to set up a cash account and
> > > transfer the funds? I am attempting to track the "cash"
> > > that goes into food, household expenses and "cash" that
> > > isa spent on fun stuff -
> > > Currently I have been spliting up the allocation

> amounts -
> > > but thought there must be a better way? any thoughts?
> > > > > > .


  #1  
Old 09-19-2003, 06:45 PM
jane
Guest
 
Posts: n/a
Default Re: best way to track ATM funds

thank you for confirming the cash accounts - I assume I
would never reconcile that account - correct?

- quote -

> -----Original Message-----
> When withdrawing the cash, make it a transfer to a 'cash'

account that you
> set up. Then, track the individual purchases in that

account. It's a bit
> easier than doing this in the cash withdrawal with a

split, as you'd have to
> re-edit the transaction multiple times as you spend the

money.
> --
> Glyn Simpson, Microsoft MVP - Money
> Check http://support.microsoft.com/default.aspx?

scid=fh;EN-GB;mny
> for UK tips and fixes for MS Money. To send Microsoft

your wishes or
> suggestions, use

http://register.microsoft.com/mswish/suggestion.asp
> or email mnyukwsh[at]microsoft.com especially if it's a UK

specific wish.
> I do not respond to any unsolicited email regarding Money
> "Jane" <takeuchigj[at]msn.coml> wrote in message
> news:01b301c37ed1$bee06ef0$a401280a[at]phx.gbl...
> > What would be the best way to track the cash withdrawn
> > from ATM's. would it be to set up a cash account and
> > transfer the funds? I am attempting to track the "cash"
> > that goes into food, household expenses and "cash" that
> > isa spent on fun stuff -
> > Currently I have been spliting up the allocation

amounts -
> > but thought there must be a better way? any thoughts?
> > .

 
Old 09-19-2003, 05:45 PM
Glyn Simpson, MVP
Guest
 
Posts: n/a
Default Re: best way to track ATM funds

When withdrawing the cash, make it a transfer to a 'cash' account that you
set up. Then, track the individual purchases in that account. It's a bit
easier than doing this in the cash withdrawal with a split, as you'd have to
re-edit the transaction multiple times as you spend the money.

--
Glyn Simpson, Microsoft MVP - Money

Check http://support.microsoft.com/default...d=fh;EN-GB;mny
for UK tips and fixes for MS Money. To send Microsoft your wishes or
suggestions, use http://register.microsoft.com/mswish/suggestion.asp
or email mnyukwsh[at]microsoft.com especially if it's a UK specific wish.

I do not respond to any unsolicited email regarding Money

"Jane" <takeuchigj[at]msn.coml> wrote in message
news:01b301c37ed1$bee06ef0$a401280a[at]phx.gbl...
- quote -

> What would be the best way to track the cash withdrawn
> from ATM's. would it be to set up a cash account and
> transfer the funds? I am attempting to track the "cash"
> that goes into food, household expenses and "cash" that
> isa spent on fun stuff -
> Currently I have been spliting up the allocation amounts -
> but thought there must be a better way? any thoughts?



  #-1  
Old 09-19-2003, 05:16 PM
Jane
Guest
 
Posts: n/a
Default best way to track ATM funds

What would be the best way to track the cash withdrawn
from ATM's. would it be to set up a cash account and
transfer the funds? I am attempting to track the "cash"
that goes into food, household expenses and "cash" that
isa spent on fun stuff -
Currently I have been spliting up the allocation amounts -
but thought there must be a better way? any thoughts?

 

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atm, funds, track
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