Using Downloads of Accounts

[Robert Smits]

On May 19, 2009 06:57:33 am marcus.wolschon at googlemail.com wrote:
> On Tue, 19 May 2009 06:39:21 -0400, "Lincoln A. Baxter"
>
> <lab at lincolnbaxter.com> wrote:
> > This the original message was posted to the GnuCash, list, I am assuming
> > the intended import is to GnuCash, and that GnuCash, is the program to
> > be used.  If so, without question the Quicken OFX/QFX format works well,
> > from multiple banks.  I have used that format from at least 6 different
> > banks without problem. The first time you import a new download GnuCash,
> > askes you for the account associated with that download.  From then on,
> > it remembers.
>
> Ah, I was not aware that OFX/QFX was Quicken. Then of cause gnucash can
> do that import itself and should be used.
>
> >> > How do the rest of you deal with this?
> >
> > This is your choice. It depends on whether you want to predict closely
> > what your balance is (will be), between downloads from the bank. If so,
> > enter the checks and transactions as you make them.  The downloads will
> > generally match up with checks you have entered if the date of clearing
> > is close, the amount you entered is exact or the check number matches.
> > The import tool will show this as a Reconciled transaction, instead of a
> > Added transaction.
>
> Question: Does that required cheque-number -matching work if there is
> not cheque-number because 99.9% of all transactions I see are
> SEPA-transactions
> or cash-withdrawals? (Are these outdated paper-things still in use anywhere
> outside that one north-american country?)
>
> Marcus

I have no idea what a SEPA-transaction is, but cheques are stilled widely used 
in both the US and Canada at least.

-- 
Bob Smits bob at rsmits.ca