Quick question about ofx auto-reconcile

[Derek Atkins]

The problem with this approach is that you don't get a clear idea of
the expected balance of the account.  You need to sum the 'current
balance' and the 'outstanding checks' in order to know how much money
you still have to spend.

I'm not convinced that this is the right way of keeping track of this,
but currently there isn't a better way (in Gnucash).

-derek

"Phillip Shelton" <shelton@usq.edu.au> writes:

> This is what I use a seperate account for.  
> -On the 1st I enter a transaction for my cheque in my `cheque written' account. 
> -On the 10th a transaction is entered for the 5th to my `bank account'. I point the other half of this transaction to `cheque written'.
> 
> -----Original Message-----
> > > Working on the GUI, a came up with this little question:
> > > 
> > > Suppose you just downloaded a transaction from your bank.  A check for 
> > > example.
> > > -You write it on august 1st, end enter it into gnucash
> > > -The check clears on the 5th
> > > -On the tenth, you download your bank statement, and auto-reconcile that 
> > > transaction.
> > > 
> > > Should the reconciled date be the 5th or the 10th?
> > 
> > You did the reconciliation on the 10th, so that is the "reconciled date."
> > 
> > According to the bank, it cleared on the 5th, so that could be an _additional_ 
> > date field to associate with the transaction, but that's not a "reconciled" 
> > date.
> 
> Should we add a "cleared date" field to Splits?
> 
> -derek
> -- 
>        Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
>        Member, MIT Student Information Processing Board  (SIPB)
>        URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
>        warlord@MIT.EDU                        PGP key available
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-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord@MIT.EDU                        PGP key available