[moneydance] post date on transfers

[Anthony Bayer]

Create a "Suspense" account in your home currency (on the assumption  
that at times you might do multi currency transactions).

When you pay out the funds, transfer them to the suspense account.

When the funds arrive in the destination account, pay the amount over  
from the suspense account. If currency conversions need doing, do them  
now.

The only time I would do this for myself is when I send money via  
draft or tt, or when I am physically travelling and carrying the cash  
with me. For check (or cheque) and credit card transactions I just  
enter the date as to when I initiated the transaction.

Anthony


On 2008 Apr 09, at 08:27, Tom Metro wrote:

> I'm using Moneydance 2008 (build 603) and I'm wondering what the best
> way is to record a transfer between two accounts where the date
> different between the two sides of the transaction. This is pretty
> common if you mail a check or if there is some clearing house in the
> middle that holds the money while in transit. Moneydance wants the two
> dates to be identical, yet one of them will have to be wrong.
>
> I'm wondering if the tax date feature might help here, though it  
> doesn't
> seem like the ideal approach.
>
> Another approach would be to create a transfer account, so you can
> record the correct withdrawal date from account A to the transfer
> account, and then record the correct date for the deposit to account B
> from the transfer account. But that's a fair bit of overhead for  
> just a
> date skew problem.
>
>  -Tom
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