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by egh 3117 days ago
You can also move from Assets:Checking to Expenses:Cash, and then from Expenses:Cash to Expenses:Haircuts. This allows you to track the larger cash expenses if you like, while letting the small purchases accrue in Expenses:Cash.
1 comments

I just found that workflow described in a blog post elsewhere too:

"Pro-tip: tracking cash withdrawals and purchases can be a pain. I typically just maintain an Expenses:Cash account for these sorts of things. If I can remember how I spent a bit of cash, great: I can just debit Expenses:Cash and credit the appropriate account for what I spent the cash on after the fact. Otherwise, I just leave the amount attributed to Expenses:Cash. It's often not worth the trouble of trying to keep finer track of cash purchases than that." -- http://matthewturland.com/2014/03/29/ledger-basics-and-habit...

Sounds smart, though at the scale of my personal finances, I get much more value out of tracking the petty transactions. I guess I'm pound-wise but penny-foolish.