Cheques and Reconciling

[DECo]

On Monday 13 October 2003 10:23, 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?

There were other workable answers given here, but the inordinate delay in 
deposit your landlord uses can be obviated by giving him a money order or 
cashier's cheque, which is debited from your account immediately.  
Regards,
Smitty
>
>
>
> Thanks,
>
> S.
>
>
>
>
> [1] ASIDE: This was a really big hassle when I first moved here,
> unable to open a bank account until I had some record of me living at
> an address, unable to get paid until I had a bank account, and unable
> to pay my rent except by cheque!