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Accounting: money orders
- Subject: Accounting: money orders
- From: Luke <..hidden..>
- Date: Tue, 22 Sep 2009 15:02:20 -0400 (EDT)
I am looking for the best practice to book a money order.
1. On 9/15, purchase a money order for $100. Cost of order: $0.50.
2. On 10/15, issue and send that money order to a vendor for services.
How would this normally be handled?
I could do a simple AP transaction, with the $100.00 attributed to the
proper expense account, the funds drawn from cash, and the $0.50 against
a Banking/Credit Costs expense account or the like.
However, that does not really reflect the dates correctly, and just seems
less than perfect in general.