What is "Expense: Adjustment"?
a24061 at ducksburg.com
Wed Apr 16 11:24:53 EDT 2008
On 2008-04-16, Gabriel A. Fouasnon wrote:
> My version of GnuCash came pre-installed with a number of different
> accounts, and one of them was an expense account called
> "Adjustment." I don't really understand what purpose this account
> was intended to serve. Anybody know?
> I searched the documentation and the archives, but was unable to find an explanation.
I can't guarantee that this is the *right* answer, but I've been using
that for what accounting books call (or used to call?) "cash short &
over", to balance adjustments to cash.
Every few weeks I compare my "Assets:Current:Cash GBP" account with my
wallet; if gnucash says I have £59, but I really only have £50, I add
a transaction to reduce the cash account by £9 and increase
Expenses:Adjustment by £9.
Can anyone confirm that this is the correct meaning of
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