Quick question about ofx auto-reconcile

[Phillip Shelton]

True.

I used to have the second account as a sub account of the first. This
meant that if you looked at the total in the account's pane you would
get the expected value.

On the other hand others at the time I first brought this up others said
that it could be "solved" by writting a report that did the summing for
you.

Phill

-----Original Message-----
From: Derek Atkins [mailto:warlord@MIT.EDU]
Sent: Monday, 26 August 2002 11:03 AM
To: Phillip Shelton
Cc: gnucash-devel@gnucash.org
Subject: Re: Quick question about ofx auto-reconcile


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.=20=20
> -On the 1st I enter a transaction for my cheque in my `cheque written'
account.=20
> -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'.
>=20
> -----Original Message-----
> > > Working on the GUI, a came up with this little question:
> > >=20
> > > Suppose you just downloaded a transaction from your bank.  A check
for=20
> > > 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=20
> > > transaction.
> > >=20
> > > Should the reconciled date be the 5th or the 10th?
> >=20
> > You did the reconciliation on the 10th, so that is the "reconciled
date."
> >=20
> > According to the bank, it cleared on the 5th, so that could be an
_additional_=20
> > date field to associate with the transaction, but that's not a
"reconciled"=20
> > date.
>=20
> Should we add a "cleared date" field to Splits?
>=20
> -derek
> --=20
>        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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--=20
       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