What's the best way to model an electronic funds transfer pull with hold

[David T.]

Nelson,

When *I* have entered this in GnuCash, I have simply entered a transaction from one account to the other, effective when I initiated the transaction. The various delays and holds are, to my way of looking at this, background noise, and I just ignore them. They go away in a few days’ time anyhow.

If you have a need to track your money at this level of granularity, others have talked about creating “suspense” accounts to hold funds for the time they are neither here nor there (I’d name that account “Limbo” or “Purgatory”, personally). There are discussions about this on the list, which you can google.

HTH,
David

> On Oct 1, 2017, at 7:48 PM, Nelson <fkjasdhf878 at mailinator.com> wrote:
> 
> Let's assume that we have two accounts, bank-a and bank-b. 
> 
> - bank-a has a $11,000.00 balance
> - bank-b initiates a $10,000.00 electronic funds transfer pull.
> - money shows up in bank-b immediately but there is a 5 business days hold
> so money is not available.
> - for at least 2 business days, until it clears through the payment network,
> the transaction doesn't show up in bank-a but this money should be shown
> somehow as unavailable.
> 
> TIA for recommendations.
> 
> 
> 
> 
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