Question to european gnucash users

[Daniel Hannum]

I take "cleared" to mean "has appeared on the website of the appropriate
party" and "reconciled" to mean "has appeared on the paper statement
that I have saved for posterity"

So there sort of is two degrees of "is recorded" even for non-check
transactions.

dan

On Tue, 2003-08-05 at 18:44, Fredrik Persson wrote:
> On Tuesday 05 August 2003 20.19, Steve Hall wrote:
> >
> > Reconciliation is a double-check. But you can always decide to trust
> > everyone else who handles your money to do as they promise. :)
> 
> Thank you Steve, and everyone else who answered.
> 
> Reconciliation seems worth the effort. Still, there's one thing in the 
> procedure that doesn't really fit well in a check-less country. You see, it 
> goes like this: You write the check, and enter the transaction. Then, 
> according to the help file, when you think that the check "has cleared" 
> (whatever that means), you mark the "R" column with a "c" instead of an "n". 
> When your statement arrives in the mail, you do the reconciliation and end up 
> marking the "R" column with a "y".
> 
> I'd say the "c"-step is pointless to europeans, since we don't have checks.
> 
> What's the point of having checks, really?? They just seem to make everything 
> more complicated and difficult.
> 
> /Fredrik Persson
> 
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