Entering Scheduled transactions early

[David Carlson]

On 3/31/2013 4:49 AM, Michael Hendry wrote:
> On 31 Mar 2013, at 04:49, prl <prl at ozemail.com.au> wrote:
>
>> David's suggestion was the only one I could think of, too. All my regular income and expenditure scheduled transactions are set to be created 5 days ahead anyway, so I can see them coming up in the register.
>>
>> Peter
>
> Hi, Peter.
>
> I'm still puzzled as to why you might want to adjust the income from your pension by a couple of days - are you running your finances so close to the edge that what you spend on a Bank Holiday weekend is influenced by your weekly pension arriving a couple of days early?
>
> Assuming you know in advance that your pension will be arriving early on one particular weekend, you could adjust the date on the scheduled transaction as soon as it's been posted - this would have been on Wednesday last week if you're running your scheduled transactions 5 days ahead, or earlier if you posted them further in advance.
>
> I know from bitter personal experience that running personal accounts on a computer comes dangerously close to Obsessive-Compulsive behaviour, with every last penny time-consumingly counted and reconciled…
>
> Michael
>
>
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If there is a twelve step program for OCD I might qualify for
membership, but the definition of accounting  with double entry
bookkeeping calls for zero errors. 
That said, I have slept on my original answer, re-read it, and I now
realize that I did not make it clear that what I intended to say was to
set the scheduled transactions to be created early by a comfortable
number of days then adjust the register transaction when it does not
match reality.  I find that I tend to create double entries or worse,
missed entries when I try to fiddle with schedule changes.

I actually have many of my recurring tansactions created 63 or 70 days
early.  Often amounts are estimated, like my utility bills.  Also,
before reconciling I prefer to adjust the entry dates to match the bank
records, but that is only my preference.  Peter can have his own preference.

David C