Alton Thanks for that "ACH" alternative. It looks elegant. I'm going to give it a try and see if the procedure is clearly understandable (to me, in practice) and how easy it is to make the entries. I suspect that once the first transaction has been fully completed, GC may help by auto-filling the balancing entry in the ACH acct... Definitely worth a try.
Rufus On 05/15/2018 08:40 AM, Alton Brantley wrote: > Under each account for which this can occur, I create a subaccount > called “ACH” for “Automated Clearing House,” so when the originating > account registers the transfer transaction, the target account’s > subaccount “ACH” gets the corresponding split. Then, when the receiving > account registers the transaction, I put the matching inverse split in > the ACH and the closing deposit in its parent account. > > This sequence matches what really happens (Source ->ACH then > ACH->Target), with the added benefit that the Target account, when > opened with “Include Subaccounts” checked, shows the true expected value > of the deposit. > > I have an ACH account as a subaccount of both my bank account and my > investment accounts. > > > > > >> Message: 13 >> Date: Mon, 14 May 2018 19:35:30 -0700 >> From: Kate Kelly <kken...@gmail.com <mailto:kken...@gmail.com>> >> To: rlagg...@mail.com <mailto:rlagg...@mail.com> >> Cc: gnucash-user@gnucash.org <mailto:gnucash-user@gnucash.org> >> Subject: Re: [GNC] how do I get different dates for balancing >> transactions when transferring amounts between two accounts >> Message-ID: >> <CANbW8pFi51LPsRu0pnPmowqJ4Dft4KA=z7hsx4a4szsmtym...@mail.gmail.com >> <mailto:CANbW8pFi51LPsRu0pnPmowqJ4Dft4KA=z7hsx4a4szsmtym...@mail.gmail.com>> >> Content-Type: text/plain; charset="UTF-8" >> >> Hi Rufus, >> >> I am a bookkeeper and former CPA. >> >> An account that is often used for checks not yet sent to the bank is >> "undeposited funds." This is similar to a suspense account in that >> there is >> a timing difference between the receipt of a check and the time you >> actually deposit it. You could debit the undeposited funds account >> for the >> amount of the payment. When the check clears the receiving bank, credit >> Undeposited Funds and debit your Checking account. You could add the >> check >> number to the memo line or record the deposit as DEP#### (#### being the >> check number. >> >> 1. Write check # 1718 for $100: >> Undeposited Funds $100 >> Checking Account A $100 >> >> 2. Check clears the receiving bank: >> Checking Account B $100 >> Undeposited Funds. $100 >> >> I hope this helps. >> >> Kate >> >> >> On Mon, May 14, 2018, 3:21 PM RL <rlagg...@mail.com >> <mailto:rlagg...@mail.com>> wrote: >> >>> I have two bank accounts on which I regularly write checks to transfer >>> amounts between them. Downloading the ofx files from each bank, I have, >>> for those checks, transactions with different (correct) dates in each GC >>> account which represent the left and right side of the same accounting >>> transaction. For purposes of reconciling against the bank statements, >>> these dates must remain different in their separate GC accounts, even >>> though they are opposite ends of the same accounting transaction. >>> >>> GC wants to make the balancing transactions in each GC account one >>> single identical transaction (except for the proper credit/debit column, >>> depending on which account I'm looking at). I don't see how to work this >>> and maintain both accounts true to their source, the bank transactions. >>> The date is also important because at times it matters when a check was >>> cashed and when it was payed by the originating bank; there needs to be >>> an accurate record of this. An additional, maybe lesser, problem is that >>> GC's methodology makes the transaction number the same in each GC >>> account. Since the trans number is one of the most easily noted text >>> fields, I have been using it to quickly/easily identify "deposits" - but >>> this won't work if I want to retain the check number in that field (very >>> important). Also, a check number on a deposit line doesn't seem >>> particularly proper. >>> >>> How is this handled in GC? >>> >>> >>> Thanks >>> Rufus >>> _______________________________________________ _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
