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- Wed Mar 21, 2007 3:47 pm
- Forum: Accounting
- Topic: Crediting an Expense Account without Using a Double Entry?
- Replies: 8
- Views: 7474
Person giving $ to cover an expense.
We have went back and forth with the finance committee on this topic. Generally we call it "office monies" Put 4 into 01-1112 Checking then simply credit 01-5001 books expense account. Or if someone gives money to a student event we deposit the money in checking 01-1112 and go directly to the expens...