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Old 02-17-2004, 12:56 PM
Ken
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Default "Cash Withdrawal" question

Thank you both Carl and Dick.


- quote -

> -----Original Message-----
> Hi all,
> I m a newbie of ms money 2003.
> I hv setup 2 a/cs: 1. Bank 2. Cash
> After adding a "Cash Withdrawal" transaction in the Bank
> a/c, it does not appear accordingly in the Cash a/c..
> Instead, I must add a "Transfer to Cash" transaction to
> achieve this...
> Did I misunderstand the term "Cash Withdrawal"? Why not a
> "Cash Withdrawal" transaction automatically adds $$ in the
> Cash a/c?
> Thank you.
> Rdgs.,
> Ken
> .

  #1  
Old 02-16-2004, 06:45 PM
Dick Watson
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Default Re: "Cash Withdrawal" question

Money dumbs down "Cash Withdrawal" to an Expense. I think they were assuming
that Cash Withdrawal was for people who never get far enough to set it up
like a transfer to a cash account and then enter transactions in the cash
account. At any rate, for Cash Withdrawal to do what you want, they'd have
to give us some place to each teach Money where it is that we put our
spending cash. You might think that they could just do this with some
account association data like Asset accounts to Loans and Investment
Accounts to Investment Cash accounts, but there are cases like mine where I
have one cash account for my wife and one for me. These make a simple
solution more complicated.

"Ken" <anonymous[at]discussions.microsoft.com> wrote in message
news:106d701c3f49b$6b88c6e0$a101280a[at]phx.gbl...
- quote -

> Did I misunderstand the term "Cash Withdrawal"? Why not a
> "Cash Withdrawal" transaction automatically adds $$ in the
> Cash a/c?



 
Old 02-16-2004, 02:19 PM
Cal Learner-- MVP
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Posts: n/a
Default Re: "Cash Withdrawal" question

In microsoft.public.money, Ken wrote:

- quote -

> I m a newbie of ms money 2003.
> I hv setup 2 a/cs: 1. Bank 2. Cash
> After adding a "Cash Withdrawal" transaction in the Bank
> a/c, it does not appear accordingly in the Cash a/c..
> Instead, I must add a "Transfer to Cash" transaction to
> achieve this...
> Did I misunderstand the term "Cash Withdrawal"?


No.

- quote -

> Why not a
> "Cash Withdrawal" transaction automatically adds $$ in the
> Cash a/c?


If you transfer the money to the pocket cash account, that would be
suitable if you plan to track the cash expenditures that you make.
Most people simplify this by assuming that the money is spent on
miscellaneous once they make the cash withdrawal. Your idea is more
complete. Doing that for a while would be good, but you may later
simplify.

  #-1  
Old 02-16-2004, 01:44 PM
Ken
Guest
 
Posts: n/a
Default "Cash Withdrawal" question

Hi all,

I m a newbie of ms money 2003.

I hv setup 2 a/cs: 1. Bank 2. Cash

After adding a "Cash Withdrawal" transaction in the Bank
a/c, it does not appear accordingly in the Cash a/c..

Instead, I must add a "Transfer to Cash" transaction to
achieve this...

Did I misunderstand the term "Cash Withdrawal"? Why not a
"Cash Withdrawal" transaction automatically adds $$ in the
Cash a/c?

Thank you.

Rdgs.,
Ken

 

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cash withdrawal, question
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