4:04pm -0000 03/03/26 Kalpesh Patel <[email protected]> wrote: >I normally put the date that I transact, and then when I reconcile from the >downloaded monthly statement comes out I have it updated to the one that >financial institution says so.
>This way at least I am guaranteed that bank won't get a chance to hit me >with insufficient funds fee. Yes I am believer that banks should be paying >me interest to keep my money with them; not keep them there for me to pay >them to keep my money there. And if there are issues after reconciliation, >I can walk with statement to flag it down. I have a counterexample of why it's best to enter dates on your time line and not any other party to the transaction. The February 20 statement from the electric utility claimed that I hadn't made a payment for the previous statement. Checking the bank statement, the check was paid on Monday the 17th, which means that the utility must have posted it Friday the 13th but failed to record it on my account. For the purpose of establishing timeliness, I care about when I wrote and mailed the check and whether it's reasonably far enough in advance of the due date. That's the date I use on the books. If I changed it per your suggestion, now I've booked a late payment when it had been timely paid, Also, it's better to use my date so my books show sufficient funds on account on that date. >. . . _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
