For transfers, I put both dates in the description, and start it at the from
date for ease of reconciling that account, then move it to the to date for ease
in reconciling that account. I have not tried that for checks, but might start
them when cleared and then move them to when written. Even ACH often shows up
a business day later.
So much of the business world still runs like it did on daily tape master file
updates, where they fed one or more tapes of input transactions and inquiries
into a tape master file update and got one or more output transaction tapes.
They could do it in real time on disk. The only downside for instant real time
is that a delay with notification allows the account owner a chance at catching
fraud. Similarly, some CC make me wait days for a statement, as if printing
paper, when they could generate the pdf from their RDBMS for me interactively
one second after midnight after the cycle!
On Monday, June 3, 2024 at 11:37:12 AM EDT, R Losey <[email protected]>
wrote:
On Sat, Jun 1, 2024 at 3:40 PM David G. Pickett via gnucash-user
<[email protected]> wrote:
I like to record my checks written on the day they were written, not cashed,
but am frustrated that then I cannot check when they cleared! Float is nice,
especially if you get interest, but not something I bank on! :D Similarly,
one bank puts a 3 day hold on transfers, so the money goes out one day and
shows up in the other account 3-5 days later! Maybe another field would be
nice? I don't want to create a limbo account and two transactions to hold the
value when it is floating!
I have run into this same thing when transferring funds from one institution to
another. I have settled on the practice of using the date when it shows up at
the "TO" institution rather than the "FROM" of the previous one; and I usually
enter it when the "FROM" initiates the transfer... so there is a future
transaction when I enter it to know that it is "in transit"
--
_________________________________
Richard Losey
[email protected]
Micah 6:8
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