Recording Daily Transactions in Gnucash

Recording the transactions in Gnucash

In Gnucash, record the transactions from the shift:

• For the Store:
  1. Enter the Net Sales number from the income report in the "Assets:Petty Cash:Store" account as "Income:Thrift Store:Cash Sales" as of the date of the shift with a description of "Sales".
  2. Enter (miscellaneous) Money Receipts as seperate transactions in the "Assets:Petty Cash:Store" account. Each should have an appropriate income account and description. Enter them as of the date of the shift. The total of all Money Receipts entered should match the Money Receipts line on the end of shift form.
  3. Enter Reimbursements as seperate transactions in the "Assets:Petty Cash:Store" account. Each should have an appropriate expense account and description. Enter them as of the date of the shift. The total of all Reimbursements entered should match the Reimbursements line on the end of shift form.
  4. Make sure that all Transfers in and out from the end of shift form are recorded in gnucash as well.
  5. Enter the Till Adjustment number from the end of shift form in the "Assets:Petty Cash:Store" account as "Equity:Adjustments:Petty Cash Adjustments" as of the date of the shift with a description of "Till Adjustment -- Thrift Store".
  6. Enter the Money for Safe number from the end of shift form in the "Assets:Petty Cash:Store" account as "Assets:Petty Cash:Safe" as of today's date with a description of "Daily Transfer".
  7. Verify that the balance in the "Assets:Petty Cash:Store" account is $200.00 (two tills at $100.00 each).
• For the Front Desk:
  1. Enter the Cash number from the income report in the "Assets:Petty Cash:Front Desk" account as "Income:Donations:Cash Donations" as of the date of the shift with a description of "Cash Donations".
  2. Enter the Monitor Fees number from the income report in the "Assets:Petty Cash:Front Desk" account as "Income:Recycling:Monitor Fees" as of the date of the shift with a description of "Monitor Fees".
  3. Enter (miscellaneous) Money Receipts as seperate transactions in the "Assets:Petty Cash:Front Desk" account. Each should have an appropriate income account and description. Enter them as of the date of the shift. The total of all Money Receipts entered should match the Money Receipts line on the end of shift form.
  4. Enter Reimbursements as seperate transactions in the "Assets:Petty Cash:Front Desk" account. Each should have an appropriate expense account and description. Enter them as of the date of the shift. The total of all Reimbursements entered should match the Reimbursements line on the end of shift form.
  5. Make sure that all Transfers in and out from the end of shift form are recorded in gnucash as well.
  6. Enter the Till Adjustment number from the end of shift form in the "Assets:Petty Cash:Front Desk" account as "Equity:Adjustments:Petty Cash Adjustments" as of the date of the shift with a description of "Till Adjustment -- Front Desk".
  7. Enter the Money for Safe number from the end of shift form in the "Assets:Petty Cash:Front Desk" account as "Assets:Petty Cash:Safe" as of today's date with a description of "Daily Transfer".
  8. Verify that the balance in the "Assets:Petty Cash:Front Desk" account is $180.00 (two tills at $90.00 each).