Original Message From WAYNE HICKS To ALL...
WH>úI just got Quicken. How do you input CASH transactions??
You should be able to create a new account of the "cash" type
and call in "Cash in Hand", or something similar. Whenever you
withdraw cash from your bank account, just create a "transfer"
from the bank account to the "Cash in Hand" account..., then
whenever you spend something, instead of posting the receipt
against a chequing or credit card account, post it against you
"cash" account. From time to time, you may want to make
adjustments to your "cash" balance to bring it closer to what's
actually in your pocket, but when you make an adjustment, dont
bother assigning a category to it.
In fact, I did just that today. I paid cash for some stuff at
the hardware store, and when I was posting the receipt in my
"cash" account in Quicken, I noticed that it said I should have
$200 in my pocket, when in fact, I only had $100..., so I made
an adjusting entry to reduce my cash account by $100..., and now
everything looks pretty close to being correct. Of course, you
wont need to do this if you post EVERY SINGLE cash transaction
you make..., but I doubt if anyone is THAT anal.
Cheers...., Brian EMail: bhillis@pro-mail.com
Web: http://www.pro-mail.com
Fido: Brian Hillis@1:250/1004
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