[moneydance] till?

John Muccigrosso internetj at muccigrosso.org
Wed Aug 23 23:12:55 EDT 2006


Not strictly speaking an MD question, but I'm wondering how to handle  
my till on the first day of business operation.

For example, I go to the bank and take out, say, $100 from my  
checking account to have in the cash register for change.

At the end of the day, I go and deposit, say, $200 into that same  
checking account in the bank.

Money from the till is usually income, but the initial $100 deposit  
can't be considered a transfer into such an income account. So should  
I just treat that deposit as one into "petty cash" and have $100 of  
the $200 deposit into the bank come from "cash" and the other $100 be  
income? Or do I treat all of it as a transfer from "petty cash" and  
separately treat all income as flowing into "petty cash"?

Thanks.

John Muccigrosso


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