How do I handle this account situation

I am trying to use accounted to run my restaurant. I have setup a "DailyCash" account (account type cash) which has sub-accounts "food" and "drink" and an expense account "discount". Credit card transactions will go into A/R. At the end of the day, I enter the amount sold in each category and the the total discounts. The values roll up into the "DailyCash" ok. But some of the income is in the form of credit card payments, ie. A/R. So when I try to move the CC part of the income to A/R, I cannot do it from a cash account.

So I changed the "DailyCash" to type Income. This permits me to enter a transaction to transfer the CC part of the daily income to A/R. But now I cannot have a transaction to the expense account "discount".

What is the proper way to do this using Accounted?

Oranged Support July 19, 2011 16:21

DailyCash should most likely be a cash account in your situation. You would want, though, an income account (possibly on each for "Food" and "Drink" or something similar), to track the actual income. So the income would come from the income account and go into the daily cash accounts. The AP/AR would then work fine as well because you'll have the receivable "Food" income, that could eventually go into your cash account.

How do I handle this account situation

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