10-06-2008, 10:54 PM
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 Re: Wire transfer dates In microsoft.public.money, lanecito wrote: - quote - > When I write a US check and deposit it in my local Panama bank, it takes 3
Create a suspense account.> weeks for the money to be in my account but only several days for the check > to clear the > US account. > If I enter a Transfer showing the deposit date, it works fine for the US > account, > but the Panama account shows money that will not be available for 3 weeks. > This > can lead to overdrafts, etc. > So far, my solution has been to show a Withdrawal and a Deposit 3 weeks > apart, > but it really is a transfer. > I'm using Money 2004. Any way around this? I have one I call In Transit, and I named it a "cash or other" account. Change each of the transactions into transfer to/from that account. That account will normally have a zero balance except while funds are in transit. |
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#-1
10-06-2008, 10:49 PM
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| Wire transfer dates When I write a US check and deposit it in my local Panama bank, it takes 3 weeks for the money to be in my account but only several days for the check to clear the US account. If I enter a Transfer showing the deposit date, it works fine for the US account, but the Panama account shows money that will not be available for 3 weeks. This can lead to overdrafts, etc. So far, my solution has been to show a Withdrawal and a Deposit 3 weeks apart, but it really is a transfer. I'm using Money 2004. Any way around this? |
| Tags |
| dates, transfer, wire |
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