On Mar 24, 2009, at 3:11 PM, Daniel wrote: > Also, while going through the process of getting the running balance > to match, I began to wonder about the dates. As I understand it, in > MoneyWell there are two dates: the transaction date and the status > date. The transaction window shows the transaction date, which makes > sense. Yet, what happens when I write a check to someone. Let's say > I write the check on March 24, 2009 but it doesn't get cashed until > April 3, 2009. In my transaction window, that transaction has a date > of 3/24/2009 but the bank will mark that transaction as 4/3/2009. So, > when I select that transaction in MoneyWell, my running balance will > not match the running balance as kept by the bank. To match the > balance, I will have to change the transaction date to 4/3/2009. At > least, this is how I understand it. > > I use the status date to mark the date that it is cleared by the bank > (i.e. what the bank marks as the transaction date), though it occurs > to me that this date could be used to mark the date that I reconciled > that transaction (so, if I reconcile three months of transactions in > one sitting, all three months of transactions will have the same > status date). > > Any thoughts or clarifications on these two dates? Do I understand > them correctly? Also, any suggestion you can provide for getting my > accounts and buckets to match up is greatly appreciated.
Hi Daniel, The transaction date and the cleared date are meant to give you control over those two milestones. I've never thought about the fact that the cleared date might need to override the transaction date when calculating daily balances but after thinking about it, you could be right. This might need to be changed. Normally, the scenario is that you wrote check three weeks ago so you have to behave like that money is already gone from your account. This means your daily balance better reflect it too but after that check clears, everything changes. Now that check might have been written last month but truly affects this months balances and not then. Let me work through this more and possible revise some code. Thanks. Peace, Kevin Hoctor [email protected] No Thirst Software LLC http://nothirst.com http://kevinhoctor.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
