I’ll add that this type of account is also useful for paper checks which have not yet been deposited, not just cash.
Regards, Adrien > On Feb 23, 2019, at 8:33 PM, David Cousens <davidcous...@bigpond.com> wrote: > > Oli, > > There is one other aspect we haven't touched on. When you are collecting > cash directly from tenants/customers you may have cash which you have > collected which is not yet deposited at the bank. Rather then recording the > cash payments directly into your Bank cheque account it is a common practice > to record the undpeosited payments to an > > Asset:Bank:Undeposited Funds > > account in the first instance and then record the transfer to your cheque > account when the funds are actually deposited into your account, > particularly if there is any significant delay in depositing them. Becoming > less of an issue with direct online crediting these days but here you can > have clearance times into your bank account to consider although these are > now also getting so short that they are unlikely to be generally a problem. > > David Cousens _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
