[moneydance] Cash Transactions

[Gordon Alley]

I use a single currency for everything. I have several Bank accounts
and a single Cash asset account. The Cash account basically represents
cash I have in my wallet. When I withdraw cash from an ATM, I enter a
transaction in the appropriate Bank account register to move x dollars
from that Bank account into my Cash account, which decreases the Bank
account balance and increases the Cash account balance by that amount.

I don't attempt to track EVERY cash expenditure I make. Those that I
do, I enter in the Cash account register using the appropriate
category. At the end of the week, I compare what is actually in my
wallet with the balance in my Cash account. Then I enter a transaction
in the Cash account register to adjust its balance to match my wallet,
assigning it to my Miscellaneous Expenses category.

Of course, my system doesn't keep track of which ATM withdrawal each
of my cash expenditures comes from. I'm a little curious about why one
would want to do that.

-Gordon

On 1/21/07, Donald Vitkus <dvitkus1 at charter.net> wrote:
> if i know how i am going to spend the atm 200 then i make a sup catagorie
> like enterment 90 and atm 180
>
> donald
> ----- Original Message -----
> From: "Jill Lundquist" <jill at chezns.org>
> To: "General discussion related to Moneydance"
> <moneydance-info at moneydance.com>
> Sent: Sunday, January 21, 2007 3:36 AM
> Subject: Re: [moneydance] Cash Transactions
>
>
> > On 1/21/07, Kevin Newell <caherpeak at hotmail.com> wrote:
> >> Hi,
> >> How exactly can I account for individual cash transactions which come
> >> from
> >> ATM transactions?
> >> e.g. I take $200 out of my checking account as an ATM withdrawal.
> >> How can I then account for individual cash transactions so that these
> >> cash
> >> transactions are treated as components of the $200, and not separate?
> >> Thanks
> >
> > I have an asset category called Wallet and subcategories for the
> > currencies I use often.  When one of my banks shows an ATM withdrawal,
> > I set the category to, e.g. 'Wallet:GBP Cash'.  This works reasonably
> > well for me because I track and record my cash transactions in the
> > 'Wallet:GBP Cash' category, so for instance, I manually enter a
> > transaction in 'Wallet:GBP Cash' where I spent GBP 5.80 on groceries,
> > and set the category to Food:Groceries. If I didn't track and enter
> > the transactions that use the cash, the cash category balance would
> > just get bigger and bigger, which would not be useful.
> >
> > However, it sounds like you want to track each individual ATM
> > withdrawal.  You might be able to do that with a subcategory of your
> > checking account.
> >
> > Also, I know that not everybody wants to track individual cash
> > transactions, and I agree that it's not necessary, but it works for
> > me.
> >
> >                Jill


-- 
Gordon B. Alley
http://galley.home.texas.net