Delays in transfers between accounts
Fred.Bone at dial.pipex.com
Fri Jul 6 13:28:01 EDT 2007
Maybe this issue only affects UK accounts (though somehow I doubt it).
If I transfer money from my savings account with one financial
institution to my current ("checking") account with another, the transfer
takes three or four working days. For example, a transfer which shows on
my savings account statement as dated 3 April shows on my current account
statement dated 10 April (two bank holidays and a weekend in between: bad
timing on my part!)
This is a single transaction, albeit one that doesn't happen
instantaneously. If I store it in GnuCash as a single transaction, I can
only give it one date.
What is the "proper" way to record it? I suppose I could record it as two
back-to-back transactions via a "suspense" account ("Money in transit"),
but that gets messy.
I have a related issue over the settlement dates of share transactions,
which I'd also like to have match the respective statements.
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