"Cindy Conover" <cconover[at]kwfffftrucklease.com> wrote on 25 Jan 2008 in
group microsoft.public.money:

- quote -

Cindy's suggestion is the most rigorous, and your CPA will like it.

Here's my approach:
I make a cash withdrawal, say $100. I categorize it as Foodining Out
since most of the money will go to lunches.
If I spend some of the cash on another category, say $10 for gasoline, I
go back and edit the withdrawal transaction, adding a split for the gas
purchase and changing the dining out entry to $90.
When I make another withdrawal, I start the process over.

The advantage of my method is that I don't have another account to
balance. The advantage of Cindy's method is that it's more trackable,
and your cash account shows up on your balance sheet\.

--
Steve B.
New Life Home Improvement

Are we talking MSN Money (some web site thing) or Money the application? If
the latter, in addition to Cindy's answer, see
http://umpmfaq.info/faqdb.php?q=93.

"Ranger141" <Ranger141[at]discussions.microsoft.com> wrote in message
news:32DD571B-A0FE-4BF3-9BE5-59EE25FB2997[at]microsoft.com...
- quote -

You can create a Cash account. When you get money out of your checking just
do a transfer to the Cash account. then you can record transaction in the
Cash account to have a record.

cindy


"Ranger141" <Ranger141[at]discussions.microsoft.com> wrote in message
news:32DD571B-A0FE-4BF3-9BE5-59EE25FB2997[at]microsoft.com...
- quote -

How do I record petty cash?

For example - I pay off my grocieries by giving shoprite cash and not a
credit card. Where can I relfect this in Money so it shows up as an expense
for me. Where can I post it? Currently I have several accounts linked up
like checking, savings, credit cards.

Another example - What if I want to pay my gas for my car using cash. How
can I record this on MSN money so it will use the category "automobile" to
track this?

I think the only way it for example to open my checking account register and
force an entry on it, even though I did not use the checking account to pay
for the items.

Does anybody have any suggestions.