[moneydance] Cash Disbursements

[Gordon Alley]

I use the same procedure that Stephan Cox described, as far as it went. But
there is often some cash outlay that was either forgotten, or whose category
was unimportant (I wouldn't keep track of minor outlays for soda, for
example). At the end of each week, I look at the balance of my cash account,
and compare it with what's in my wallet (I ignore my loose change). Then I
enter a transaction titled "adjust cash balance) with category
(Miscellaeous) to make the MD cash balance match my wallet balance.
-Gordon

On Fri, Mar 28, 2008 at 9:29 AM, Stephan Cox <stephan at coxhome.net> wrote:

> I created an asset account called Cash. When I take money out of a
> bank/credit card account, I select the Cash account as the category.  So my
> Cash balance gets increased. When I spend the money, I enter the transaction
> in my Cash account, and select the appropriate expense category (lunch,
> gifts, misc, etc). This transaction decreases my Cash account. So my Cash
> account balance should always reflect what is in my wallet, and I can easily
> track where the cash went to.
>
> ----- Original Message ----
> From: Ronald DeVrou <va.ronald at gmail.com>
> To: moneydance-info at moneydance.com
> Sent: Friday, March 28, 2008 9:16:10 AM
> Subject: [moneydance] Cash Disbursements
>
> I spend to much with cash and I'm wondering how MoneyDance works to keep
> track of cash disbursements.  Ideally I'd like it to show the cash
> withdrawals and then allow me to put in monthly the cash categories for
> that
> month, i.e.  enterntainment; food out; bus fare; etc.
>
> Then at the end of the month ideally I'd like to see the accounts updated
> and also what 'cash' that is left over and not accounted for thru the
> category method.
>
> Is this to much to ask for?  Direction please.
>
> --
> Ronald DeVrou, MSW
> ------------------------------------------------
> 'Doing the same thing over and over again expecting different results."
>


-- 
Gordon B. Alley
http://www.gordonalley.com