[GNC] QFX vs OXR/QXF

[David T.]

Jeffrey,
Thanks for filling me in on the vagaries and nuances of bank processes. 

I stand by my assertion that if you are downloading your transactions from the bank, then you are by default choosing to accept *their* accounting of your money. 

If this level of difference bothers you, then you might consider manually entering the transactions yourself, and then conduct a true reconciliation when you receive your bank statement. Alternatively, you can change the details of the imported transactions. 

David

 
 
  On Thu, May 16, 2019 at 11:08, jeffrey black<beastmaster126 at hotmail.com> wrote:   On 5/15/2019 8:18 PM, D via gnucash-user wrote:
> Alton,
>
>
> On May 15, 2019, at 10:12 PM, Alton Brantley <alton.brantley at gmail.com> wrote:
>
>> You should be aware that the OFX import will use the posting date only as its import date. Your statements will list the transaction date, so your statements and your ledger will not match directly.
> I don't understand. First off, in most cases debit card transactions have the same date in the bank records as I do. The exceptions are handwritten checks, the images of which most banks supply in their statements (so you can adjust). Finally, if you are importing transactions from your bank, aren't you already accepting their timing?
>
<snip>

Real time transaction dates frequently will not match the posting date 
for debit/cc/ach/transfer transactions.  It depends primarily on when 
the payee runs a batch total.  Some are manually batched, others are 
automatically processed at a set time or number of transactions.  Banks 
typically postdate charges after closing on Saturday thru Sunday until 
Monday, unless Monday falls on a bank holiday (then Tuesday).

Checks by default will almost never match, typically a 2 day wait plus 
however long the payee decides to wait before depositing  it (I've had 
checks not show up for 3 months on statements).  The exception is if the 
payee goes directly to your bank and cashes it.

Irregardless, I try to go with the transaction date, especially on 
checks.  The ones I forgot to manually enter go with the date provided 
by the financial institution, unless I go back and edit them to match 
the date on the original receipt.

> David
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-- 
--JEffrey Black M.B.A.

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