[GNC] Need help with eBay - tagging multiple sales into one payout hitting checking two business days later

[David G. Pickett]

 For transfers, I put both dates in the description, and start it at the from date for ease of reconciling that account, then move it to the to date for ease in reconciling that account.  I have not tried that for checks, but might start them when cleared and then move them to when written.  Even ACH often shows up a business day later.

So much of the business world still runs like it did on daily tape master file updates, where they fed one or more tapes of input transactions and inquiries into a tape master file update and got one or more output transaction tapes.  They could do it in real time on disk.  The only downside for instant real time is that a delay with notification allows the account owner a chance at catching fraud.  Similarly, some CC make me wait days for a statement, as if printing paper, when they could generate the pdf from their RDBMS for me interactively one second after midnight after the cycle!
    On Monday, June 3, 2024 at 11:37:12 AM EDT, R Losey <rlosey at gmail.com> wrote:   

 

On Sat, Jun 1, 2024 at 3:40 PM David G. Pickett via gnucash-user <gnucash-user at gnucash.org> wrote:

I like to record my checks written on the day they were written, not cashed, but am frustrated that then I cannot check when they cleared!  Float is nice, especially if you get interest, but not something I bank on!  :D  Similarly, one bank puts a 3 day hold on transfers, so the money goes out one day and shows up in the other account 3-5 days later!  Maybe another field would be nice?  I don't want to create a limbo account and two transactions to hold the value when it is floating!


I have run into this same thing when transferring funds from one institution to another.  I have settled on the practice of using the date when it shows up at the "TO" institution rather than the "FROM" of the previous one; and I usually enter it when the "FROM" initiates the transfer... so there is a future transaction when I enter it to know that it is "in transit"
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_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8