BW> DJ> You reconcile an account with your statement (bank, credit card
BW> DJ> etc.) This makes sure that your records and their records jive.
BW> DJ> I'm curious as to what you'd reconcile a cash account with?
BW> One would reconcile its balance with the cash on hand. The problem
BW> in not being able to "reconcile" cash accounts is that there's no
BW> other way to "clear" cash transactions en masse, doing a year-end
BW> eliminates only cleared transactions, and cash transactions will
BW> be with you forever due to the inability to conveniently "clear"
BW> them. The problem's exacerbated by the fact that there'll be far
I can't recall the start of this thread, so I don't know what version of
Quicken you're using. I just checked and v5 for Windows lets you
reconcile cash accounts.
BW> more transactions in the cash account than any other if one's
BW> keeping complete records of cash payments.
Well, that would depend upon one's spending habits. I almost never
carry more than five bucks cash, and often none at all. About the only
thing I ever pay cash for is a soda on occasion. I'm quite anal about
keeping my records, but I think recording buying a Mountain Dew would be
a bit much even for me.
Regards,
Daniel ddjones@pinn.net
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þ RM 1.31 1604 þ I do like to see the arms and legs fly. Col. G S Patton III
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