[GNC] Dealing with the time delay between withdrawal and deposit

[Adrien Monteleone]

If you just want to record one of the dates, but don't need to run 
reports using it, pick one of the transactions (usually the first one) 
and enter that with its date. You can then add the final deposit date in 
one of the various fields: Notes, Action, Memo. (alternatively, record 
it when you make the deposit, edit the date when it clears, and make a 
note of the initial date instead)

If you need both dates available to run reports, use a clearing (or as 
otherwise noted 'suspense') account. The first transaction is not to the 
eventual account but to the clearing/suspense account. Then when it is 
done, you make a transaction from that account to the real final 
intended account. Your question sounds like a case of electronic 
transfer from one account to another, so I'd go this route as you'll 
want both dates as they affect two real-world accounts.

Otherwise, this sounds like the age-old issue of writing a check and it 
not clearing the bank for a while. The simplest way to handle that is to 
simply not worry about it and mark the transaction 'cleared' when you 
find out it has been completed if you find that out before the next 
statement. If not, you'd just reconcile it when you get that statement.

If this is a case of physical withdrawal and physical deposit from one 
account then into another (rather than electronically) Any of the above 
would work, but you'd have twice the entries. (I always try to model the 
real-world activity as closely as I can.)

Regards,
Adrien

On 5/3/26 4:27 PM, Louise wrote:
> I would like to ask how you folks deal with the 5 - 7 days between when 
> a withdrawal is made, and the resulting transfer is deposited.
> 
> It would be nice to have the withdrawal date and the deposit date 
> correct, but I see no way of making it happen.
> 
> It is only a small thing, but if I could I would like to remove the 
> "confusion".