stevens@boulder.Colorado.EDU (Curt Stevens) (01/17/89)
I just purchased and set up Macmoney for myself. My question is what I do in the following situation. A friend gives me $20 to get him something on my trip to CA. I deposit his $20 so I can just write a check. How do I record the transaction without recording the $20 as income? Do I use a checkbook deposit? What would be the Source and Catagory for the deposit? What would be the type of the Catagory? I'm confused. Please help. =============================================================================== |Curt Stevens (303)492-1218 | / | E-MAIL: | |University of Colorado at Boulder | o o | ------- | |Computer Science Department | | |arpa: stevens@boulder.colorado.edu| |Campus Box 430 | \_/ |csnet: stevens@boulder.csnet| |Boulder, Colorado 80309 | |uucp:{ncar|nbires}!boulder!stevens| =============================================================================== ======== | Curt | ========
ph@cci632.UUCP (Pete Hoch) (01/18/89)
In article <5848@boulder.Colorado.EDU>, (Curt Stevens) writes: > I just purchased and set up Macmoney for myself. My question is what I do > in the following situation. A friend gives me $20 to get him something on > my trip to CA. I deposit his $20 so I can just write a check. How do I > record the transaction without recording the $20 as income? Do I use a > checkbook deposit? What would be the Source and Catagory for the deposit? > What would be the type of the Catagory? > > Curt - stevens@boulder.Colorado.EDU Yes, you make a deposit into you checking account just as if it were income. However, this is not income but a deposit against a pending expence. So the Catagory should be the same one that you expect to use when you record the purchace. This my sound strange at first but it works very nicely. The other way artificialy inflates your income and the particular expence catagory. This way when you are done, you have loged both transactions however all of your catagory totals will be the same, as you would expect. Hope this helps. Pete Hoch
jdm@h.cs.wvu.wvnet.edu (James D Mooney,205K,7,2913548) (01/18/89)
From article <5848@boulder.Colorado.EDU>, by stevens@boulder.Colorado.EDU (Curt Stevens): > I just purchased and set up Macmoney for myself. My question is what I do > in the following situation. A friend gives me $20 to get him something on > my trip to CA. I deposit his $20 so I can just write a check. How do I > record the transaction without recording the $20 as income? Do I use a > checkbook deposit? What would be the Source and Catagory for the deposit? > What would be the type of the Catagory? > I have sometimes tried to just ignore transactions like this, but so far the best solution I know is to use a category such as "Reimbursable." This is a non-tax, non-budget expense category. Income, whether advances or reimbursements, is also processed with this category, where it appears as a *negative* transaction. This is similar to the examples on pp. 129-131 of the MacMoney manual. Jim Mooney Dept. of Stat. & Computer Science (304) 293-3607 West Virginia University Morgantown, WV 26506 INTERNET: jdm@a.cs.wvu.wvnet.edu