On 9/3/2019 3:08 PM, Roderick Anderson wrote:
This might be on the edge between using GnuCash and Accounting
principals. Any help or suggestions will be appreciated.
I am the Treasurer for a small 501(c)(3) with all my accounting
knowledge as OJT. Nothing formal.
I am looking for suggestions on how to account for cash pulled from
the checking account to be used for making change for our fund raising
event and then redeposited into checking.
Well "petty cash" is traditionally something slightly different <<
would have its own mini set of books >>
Question: Do you not NOW have a "cash" account? Sometimes called
"undeposited cash". For example, I do not drive to town every time a
check arrives for the organization. They might accumulate even for a
week or two till I get to the bank << it's about a 50 mile round trip >>
If you do have an undeposited cash account you could use that; after
all, you are unlikely to be depositing the day of the event.
But "cash box" or "change box" perfectly OK.
Michael D Novack
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