How to manage funds on hold
Gerard Beekmans
gerard@linuxfromscratch.org
Sun, 15 Dec 2002 00:01:33 -0700
Hey guys,
I've got a question how to manage funds on hold, ie: when you deposit a cheque
into your bankaccount which then gets put on holds for x amount of days
pending the cheque to clear. This thus creates a difference between the bank
accounts balance and the available balance for withdrawal. For day to day
banking it's the latter number that means most to me.
Right now I see my assets as the total balance and I need to do some
calculating to get my available balance.
Is there an option to put (part) of a deposit on hold (ie: it not reflecting
in the assets until a set date, or a change is manually made)?
Would this be classified as an "Accounts Receivable" I would be needing to
setup? If that's the case, how would I go about it? I read info in the manual
about A/R and A/P but I didn't see how to set it up (where to create it, what
type of accounts they are, etc).
Thanks for any help,
--
Gerard Beekmans
www.linuxfromscratch.org
-*- If Linux doesn't have the solution, you have the wrong problem -*-