[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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