Cheques and Reconciling

doug foskey lemans4 at dodo.com.au
Tue Oct 14 07:37:05 CDT 2003


On Tuesday 14 October 2003 12:23 am, Stewart V. Wright wrote:
> Hi All,
>
> For some reason the UK is a big fan of cheques.  For example, I must
> pay my rent by cheque[1].
>
> However when I pay for anything with a cheque there is a delay between
> the date that I write the cheque and the date that it is cashed (for
> example my landlord often waits and cashes three months worth of rent
> cheques at the same time...).  Naturally this screws up the
> reconciling of my bank statements, and confuses the amount of money I
> have in my account and the actual value of my Net Assets...
>
> Does anyone have a suggestion for what to do?  I was thinking of
> creating a Liabilities:Cheques account, and then transferring money
> from my Assets:Current Assets:Savings Account over when the cheque is
> finally cashed.
>
> Are there any other ways to do this?
>
>
>
> Thanks,
>
> S.

All I do, is enter the cheque in my account when it is drawn, then when 
reconciled, the date can be edited to the date the funds were drawn down.

regards Doug


More information about the gnucash-user mailing list