t accounts.
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>> Message: 13
>> Date: Mon, 14 May 2018 19:35:30 -0700
>> From: Kate Kelly <kken...@gmail.com <mailto:kken...@gmail.com>>
>> To: rlagg...@mail.com <mailto:rlagg...@mail.com>
>> Cc: gnucash-user@gnucash.or
Rufus,
The date issue is handled by the suggestion offered by Kate. You need an
intermediary account.
I assist a family business with their books and we use both an ‘undeposited
funds’ account (for checks received) and a ‘check clearing’ account to handle
these ‘in-transit’ states until the
Kate
"Undeposited funds" may be the right name. Just have to get the
procedures in place now...
Rufus
On 05/14/2018 09:35 PM, Kate Kelly wrote:
> Hi Rufus,
>
> I am a bookkeeper and former CPA.
>
> An account that is often used for checks not yet sent to the bank is
> "undeposited funds."
Adrian
I can see where using the check number might be reasonable. Just not
what I have done so far and it looked "strange". I'll try it, since
having the check number of a deposit front/center is all to the good. I
think my original feeling was that I wanted to quickly, at a glance,
tell which
lt;mailto:rlagg...@mail.com>
> Cc: gnucash-user@gnucash.org <mailto:gnucash-user@gnucash.org>
> Subject: Re: [GNC] how do I get different dates for balancing
> transactions when transferring amounts between two accounts
> Message-ID:
>
Rufus,
I don’t see why a check number on a deposit line doesn’t seem proper if in
fact, you are depositing a check. In this case, it happens to be a check you
wrote, but it IS from another account, so from the perspective of the receiving
account, it’s no different than the case where someone
Hi Rufus,
I am a bookkeeper and former CPA.
An account that is often used for checks not yet sent to the bank is
"undeposited funds." This is similar to a suspense account in that there is
a timing difference between the receipt of a check and the time you
actually deposit it. You could debit
Dave
Thanks for the insight. I had initially thought about the concept of a
"float" account but then figured there might be a more straightforward
way. I mean, this can't be all that uncommon... I'll have to think about
this a little, but now I know others have addressed this with a float
(or
We all have our own definition of the the best way to handle these 'float'
issues. While most of us simply choose to let the date be technically
incorrect in some accounts, others create what I believe are called
'suspense' accounts to serve as containers for the 'float'.
Those accounts could be
