RE: 3rd Box Details
Please note the following re this 3rd Box Spending Area activity (BuxBox accounts are referenced here as simply the "Box'.) The following was provided on 07-28-06 This was updated on September 13, 2008
>> The balance in a Spending Area (Box) either increases or decreases by the various activities and you have a running balance; you will notice that there can be frequent transfers form one Spending Area (Box) to another.
>> Such activity during the month of January xxxx is fully identified by the info within the applicable "Source Name" and the "Memo" contents lines.
>> As you know, the BuxBox thrust is weekly, but we wanted to show you what transpired within this BuxBox (Box) for the entire month.
>> Notice that the weekly net pay is automatically deposited by Mom's employer into the Bank Account.
>> Notice that the majority of the checks are hand written
>> Notice that the transfers from one Box to another Box is what QuickBooks calls a memorized repetitive entry - you manually process it but mostly you just change the date.
>> Notice there are times during the month that they have spend beyond the Box balance and has, in essence, borrowed temporarily just before payday from other Box balances -
3rd Box Activity for January xxxx Type Source Name Extra no needed Memo Decrease Increase Balance 3rd Box 0.00 Deposit Via Mom's Net Pay Check Reg Pay 447.05 447.05 Memorized Via Mom's Net Pay To 1st Box 200.00 247.05 Check Daughter Gift 10.00 237.05 Check Wkly Family Entertainment Family Entertainment 125.00 112.05 Check Wkly Church Project Pledge Church Pledge 100.00 12.05 Check Son Allowance 35.00 -22.95 Deposit Via Mom's Net Pay Check Reg Pay 447.05 424.10 Memorized Via Mom's Net Pay To 1st Box 200.00 224.10 Check Son Allowance 35.00 189.10 Check Wkly Family Entertainment Family Entertainment 125.00 64.10 Check Wkly Church Project Pledge Church Pledge 100.00 -35.90 Check Wkly Church Project Pledge Extra to Church 100.00 -135.90 Deposit Via Mom's Net Pay Check Reg Pay 447.05 311.15 Memorized Via Mom's Net Pay To 1st Box 200.00 111.15 Check Wkly Family Entertainment Family Entertainment 125.00 -13.85 Deposit Via Mom's Net Pay Check Reg Pay 447.05 433.20 Memorized Via Mom's Net Pay To 1st Box 200.00 233.20 Check Wkly Family Entertainment Family Entertainment 125.00 108.20 Check Wkly Church Project Pledge Church Pledge 100.00 8.20 Deposit Via Mom's Net Pay Check Reg Pay 447.05 455.25 Memorized Via Mom's Net Pay To 1st Box 200.00 255.25