Delays in transfers between accounts
Daniel Carrera
daniel.carrera at zmsl.com
Sun Jul 8 09:55:40 EDT 2007
Hi Fred,
Fred Bone wrote:
>> April 3: Bank A -> Transit
>> April 10: Transit -> Bank B
>>
>> Now your GnuCash accounts will both match your bank statements.
>
> Thanks. This is just what I am doing (except I put "Money in Transit"
> under "Suspense", together with the automatically-created "Imbalance-GBP"
> and "Orphan-GBP"). The (minor) problem with this is the lack of any
> visible link between the two, other than both being for the same amount.
> Perhaps I'm expecting too much.
I don't know why you need an 'Imbalance' or 'Orphan' account. You
shouldn't. You only need _one_ account, the one I call Transit.
To have a visible link between them I suggest you use the 'Description'
and 'Num' fields. The Description and Num should be the same in both
transactions. I realize that often the description will just be "Money
Transfer", but the Num field can still help here. You could put the
cheque number if using a cheque, and in the case of electronic transfers
I use my own sequential numbering scheme. For example, 'E01' for your
first transfer on record, 'E02' for the next, etc.
Cheers,
Daniel.
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