Being picky - well I was employed as UAT Money goes out of the bank NOW, it takes 2 to 4 days to get to the receiving account Unless you use a cheque, or Debit card - in which case the recipient may consider they have been paid, but the bank may take 4 days to deduct the money from your account. ( Banks cannot work any faster - except somehow the government imposed penalties for not doing so in parts of Scandinavia Sweden?, enable them to manage to complete transactions in about 6 hours.)
---- > QuickBooks uses my Bank, and CheckFree to actually send the check. Err - isn't CheckFree actually NOT sending a Check You may be able to post a payment request up to a year early, But if you actually send a cheque early don't expect the recipient, or banks to hold up payment Also don't expect a 6 month old cheque not to be paid just because it's 'too' old so be careful issuing replacements for lost cheques make sure you have told your bank to 'Stop' payment of the original cheque JimB ----- Original Message ----- From: "Rick Glazier" <[EMAIL PROTECTED]> To: <[email protected]> Sent: Wednesday, October 26, 2005 1:45 PM Subject: Re: Quicken-Clone > From: "Pete Holsberg" > > I just spoke with my bank and was told that if the bill can be paid > > electronically, it will go out in approximately two business days; > > otherwise, four business days. > > Sounds the same as the way my bank does QuickBooks. > > Actually, (Sorry Pete), This next part is an answer to Chuck's reply > he does things more manually... > AND only says how QuickBooks works... > (Quicken may be similar in some ways...) > > I never pay at my Banks OLB dept directly. > That info does not get into QuickBooks automatically. > > I DO pay through OLB through QuickBooks. > QuickBooks uses my Bank, and CheckFree to actually send the check. > (I confirm this everytime my firewall wants to go and "do it"...) > > That puts the Bill, Bill Payment, and Check into my Register automatically. > It (QBW-OLB) also notifies me when the check clears, and marks the register > in a different way to help when doing a reconciliation later. > If a Check was a Deposit, I enter all that and get a "cleared" notification. > > It keeps a history of all the internal program links concerning what that > check was for that can be "drilled down on" by looking at the Check and hitting > Ctrl+H... This includes tracking a check all the way back to a Customer > Invoice if it was a deposit... It even shows the allocation on that Invoice if > a partial payment... > > I think I can send a check up to a year in advance, and commomly send > not more than three months ahead... > > The entire process is tracked on BOTH sides and (sort of) kept in sync... > Example, If you send a check through QBW-OLB, and crash your computer > and restore an older back-up that does NOT include all sent checks, WHEN > those checks clear, QBW-OLB section can't match it to anything and WARNS > you there is a problem... > > Disclaimer: I never used Quicken, although Intuit gave it to me in 2002 as a > "perk" after the QBW2002-Wassibi beta. I currently run QBW2005Premier. > > Rick Glazier > > -- -- ---------------------------------------- To unsubscribe, mailto: [EMAIL PROTECTED] Is your picture included in the Official Win-Home List Members Profiles Page? http://www.besteffort.com/winhome/Profiles.html If not, write to: [EMAIL PROTECTED]
