Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



3.7 Dealing with Petty Cash

Something that stops many people from keeping a ledger at all is the insanity of tracking small cash expenses. They rarely generate a receipt, and there are often a lot of small postings, rather than a few large ones, as with checks.

One solution is: don’t bother. Move your spending to a debit card, but in general ignore cash. Once you withdraw it from the ATM, mark it as already spent to an ‘ Expenses:Cash ’ category: 

2004/03/15 ATM Expenses:Cash $100.00 Assets:Checking

If at some point you make a large cash expense that you want to track, just move the amount of the expense from ‘ Expenses:Cash ’ into the target account: 

2004/03/20 Somebody Expenses:Food $65.00 Expenses:Cash

This way, you can still track large cash expenses, while ignoring all of the smaller ones.

If you want to change selection, open document below and click on "Move attachment"

Ledger: Command-Line Accounting
ommand, to remove the confusing figure from the total. Next: Working with multiple funds and accounts, Previous: Understanding Equity, Up: Principles of Accounting with Ledger [Contents][Index] <span>3.7 Dealing with Petty Cash Something that stops many people from keeping a ledger at all is the insanity of tracking small cash expenses. They rarely generate a receipt, and there are often a lot of small postings, rather than a few large ones, as with checks. One solution is: don’t bother. Move your spending to a debit card, but in general ignore cash. Once you withdraw it from the ATM, mark it as already spent to an ‘Expenses:Cash’ category: 2004/03/15 ATM Expenses:Cash $100.00 Assets:Checking If at some point you make a large cash expense that you want to track, just move the amount of the expense from ‘Expenses:Cash’ into the target account: 2004/03/20 Somebody Expenses:Food $65.00 Expenses:Cash This way, you can still track large cash expenses, while ignoring all of the smaller ones. Previous: Dealing with Petty Cash, Up: Principles of Accounting with Ledger [Contents][Index] 3.8 Working with multiple funds and accounts There are situations when the accounts you’re


Summary

statusnot read reprioritisations
last reprioritisation on suggested re-reading day
started reading on finished reading on

Details


Discussion

Do you want to join discussion? Click here to log in or create user.