Thanks Kevin. Makes sense. So, with each transaction I create in the cash account, I have the opportunity to allocate spending to any bucket I choose? Also, if I don't create these transactions, the cash account will grow indefinitely?
Lawton On Feb 24, 11:04 am, Kevin Hoctor <[email protected]> wrote: > On Feb 24, 2009, at 10:38 AM, Lawton wrote: > > > Thanks. Let me take it another step. > > > If I have a grocery transaction ($20) and get $100 cash back. I then > > spend that $100 cash on Dining, Auto, and Home Repair in varying > > increments. How do I account for this so that the cash account is > > depleted and the spending is allocated correctly? > > Lawton, > > Follow these steps: > > 1. Create a transaction for $120 assigned to the Grocery bucket > 2. Click Create Split and change the amount on the Grocery line to $20 > 3. On the new split line, click the C checkbox in the first column > > This will create a split transaction that will show up as $120 when > you reconcile and split as $20 and $100 when you are looking in the > Grocery or Transfers buckets. Your bank register is correct. > > Now use these steps to spend your cash: > > 1. Click on the cash account (you'll see your $100 transfer into it) > 2. Add a new transaction for each amount of cash you spend until > it's depleted > > Basically you don't have to reconcile your cash account so you can > simply keep adding transactions to it each time you spend pocket cash. > The transfer from your checking account is built into the split so > it's not affecting your register either. > > Peace, > > Kevin Hoctor > [email protected] > No Thirst Software LLChttp://nothirst.comhttp://kevinhoctor.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
