Hi Liz,
I hear you. Electronic payments are getting faster and faster. But I
just wanted to clarify something for you regarding my example. This
example of mine didn't involve writing any check (or "cheque" for you
Aussies). This *was* an electronic payment. The payment was made to
the credit card company on the card company's website on Feb. 27th. And
the payment was posted by the following morning on the 28th (on the card
company's website) showing a payment date of the 27th. But my bank
(hosting my checking account) didn't post the transaction until today,
March 2nd.
Realistically, that few days difference doesn't make any real difference
to me. The only reason I had for bringing the question up here was
curiosity in regard to how folks handled discrepancies in EOM
(end-of-month) statements. I personally record credit card transactions
with the date I actually incur the charge or make the payment. So
reconciling my EOM credit card statements are always exact. But since
there are usually delays (like this example) until the bank posts the
transaction, often times there will be transactions missing from the EOM
bank statements. It's really just an annoyance, not a big deal. But I
was curious how other folks here dealt with that.
Tom
On 3/2/2026 7:27 PM, Liz wrote:
On Mon, 2 Mar 2026 18:00:16 -0700
Tom Route36<[email protected]> wrote:
Hi all,
This isn't a problem or help request. It's more a philosophical or
usage question. Any transaction in GnuCash always involves at least
two accounts. For example, when you make a payment to a credit card
account you're debiting funds from your checking account, and
crediting those funds to your credit card account. My question here
is about how folks choose to enter the transaction dates in GnuCash.
For a timely example here: Let's say I made an online payment to my
credit card account on Feb. 27th. The credit card company records
the payment as posted on Feb. 27th. But my bank doesn't record the
transaction until today, March 2nd. When recording this payment in
GnuCash, which date would you use as the transaction date: Feb. 27th
or March 2nd?
This is a problem which is not universal. In Australia electronic
payments are faster and faster, so I can send money through one system
and it takes about a minute to arrive in an account at another bank.
Cheques are part of the past now, with very few banks handling them.
The only delays are when using "tap and pay" (no PIN) with a debit or
credit card, as these are routinely held for a few days before payment
in case of card theft or fraud being reported. However when the item
goes on my statement it will be the original date. I think that is my
bank's choice.
The question has been asked before, and at some time it will be totally
irrelevant. Until then, for those in the USA, it remains an occasional
question.
Liz
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