On 12/28/22 10:07 AM, R Losey wrote:
While that is technically true, I enter credit card charges on the day I
use the card, not when it clears... ditto for writing checks, and I suspect
most people do it that way.
Those generally *are* the days payment is legally made. When you hand
over a check, that is an act of 'tendering'. The fact that the banking
system doesn't clear it immediately or even that the recipient doesn't
present it for payment immediately does not matter to your books. (save
to later reconcile cleared items) And to be pedantic, the date on the
check is the actual tendering date, if later than the current calendar
date. (hence the term 'post dated check')
With respect the Cards, the situation is similar but with usually
shorter lag times. Merchants usually submit pending charges in batches
at close of day or at a set time. The money appears in their account
next day or maybe 72hours later. Your account with the Card issuer is
affected immediately.
But Michael is referring to the possible situation where you don't enter
transactions on those same days, instead, you may enter them a week or
even months later. The day you make the entry is not relevant. The day
the transaction occurred, is.
The OP's issue is with GnuCash reverting to 'today' as a default when
entering batches of historical transactions as being cumbersome.
As I and others have noted, we don't observe that behavior, so it is
possibly a work-flow issue.
Regards,
Adrien
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