Reconciling with the bank when their dates differ

[Maf. King]

On Friday 24 November 2006 11:19, Stephen Patterson wrote:

>
> The bank account comes with a debit card which I use for everything and
> then I enter expenditure against that account into gnucash on the day it
> happens though it takes several days before that shows at the bank. This
> makes it painful to check gnucash against my bank statements as they'll
> probably never show quite the same amounts.
>
> How do people generally deal with this kind of thing (bearing in mind that
> my bank statements are the real record).  I had though of creating an
> account for pending payments but that would probably mean entering payments
> twice.

Hi Stephen,

I don't get hung up about a few day's discrepancy about the bank's idea of 
things.  So long as payments only go out once, and are for the total that I 
think they should be, I'm happy.  
After all, if you write a cheque, and I can't get to the bank to deposit it 
for a week, you still need to know that you are "expecting" it to go out, and 
not spend the money again... that is one of the ways I see GC as useful - it 
can remind you of stuff that the bank doesn't know about yet...

I assume that you know about the "reconcile" dialogue in gnucash?   That 
should mean that you can see fairly easily what you and the bank agree on

HTH,
Maf.