k check processing equipment would not hold it off.
>
> -Original Message-
> From: R Losey
> Sent: Wednesday, April 10, 2024 12:31 AM
> To: stepbystepf...@comcast.net
> Cc: gnucash-user@gnucash.org
> Subject: Re: [GNC] Recording transactions (date)
>
> On Tue, Apr 9,
payee's bank
check processing equipment would not hold it off.
-Original Message-
From: R Losey
Sent: Wednesday, April 10, 2024 12:31 AM
To: stepbystepf...@comcast.net
Cc: gnucash-user@gnucash.org
Subject: Re: [GNC] Recording transactions (date)
On Tue, Apr 9, 2024 at 4:37 PM Mic
I'm using the final option - keeping enough there to cover the check.
His story is that he has no plans to cash the check, but he didn't know
where the check is anymore. *sigh*
On Tue, Apr 9, 2024 at 10:07 PM Adrien Monteleone <
adrien.montele...@lusfiber.net> wrote:
> You 'paid' when you
ed and should not be necessarily considered as being applicable
> in any given situation.
> Specific accounting advice relevant to your jurisdiction should always
> be obtained from a qualified/licensed accountant in your jurisdiction.
>
> David Cousens
>
>
>
> On Mon, 2024-0
On Tue, Apr 9, 2024 at 4:37 PM Michael or Penny Novack <
stepbystepf...@comcast.net> wrote:
> On 4/9/2024 12:50 PM, R Losey wrote:
> > Thanks; I wasn't sure if those (cash vs accrual) were the correct terms.
> >
> > Legally, are you saying that if I write a check for $50 and send it to my
> >
You 'paid' when you 'tendered' the payment. (tender isn't just an offer
of payment, but includes acceptance/receipt, which has happened in this
case. It does not include cashing/depositing or otherwise processing a
negotiable instrument that was tendered as payment.)
How you handle the
accountant in your jurisdiction.
David Cousens
On Mon, 2024-04-08 at 17:11 -0500, R Losey wrote:
> Since I first learned about recording transactions, I have always
> dated a
> transaction on the date I wrote the check; similarly, when entering
> credit
> card transactions, I use the date
On 4/9/2024 12:50 PM, R Losey wrote:
Thanks; I wasn't sure if those (cash vs accrual) were the correct terms.
Legally, are you saying that if I write a check for $50 and send it to my
uncle, it's "paid" whether or not he ever cashes it?
As as aside, I am actually in this situation; I sent e
On 2024-04-09 09:55, R Losey wrote:
>
> On Tue, Apr 9, 2024 at 8:42 AM Stan Brown (using GC 4.14)
> mailto:stan%2...@fastmail.fm>> wrote:
> On cash basis, it's not an expense until it's paid. Therefore, _nothing_
> is recorded until the payment date after the statement date after the
>
On 2024-04-09 09:50, R Losey wrote:
> Legally, are you saying that if I write a check for $50 and send it to my
> uncle, it's "paid" whether or not he ever cashes it?
In the United States, yes. If you owe someone a debt and send them a
check but they don't cash it, you have still paid them, just
o:gmccol...@gyleshomes.com> email
From: gnucash-user on
behalf of Kalpesh Patel
Sent: Tuesday, April 9, 2024 1:06 PM
To: 'R Losey'
Cc: gnucash-user@gnucash.org
Subject: Re: [GNC] Recording transactions (date)
In the end, monies is what is “float”. That
would think that this “floats” would be a liability
account…
From: R Losey
Sent: Tuesday, April 09, 2024 12:44 PM
To: Kalpesh Patel
Cc: gnucash-user@gnucash.org
Subject: Re: [GNC] Recording transactions (date)
I thought "floating a check" means that one issues a chec
On Tue, Apr 9, 2024 at 8:42 AM Stan Brown (using GC 4.14) <
stan...@fastmail.fm> wrote:
> On 2024-04-09 01:19, David Carlson wrote:
> > Nearly every time [the bank's] list doesn't match my list, the
> > difference is precisely the difference between when I wrote the check or
> > when I initiated
>
> From: gnucash-user on
> behalf of David Carlson
> Sent: Tuesday, April 9, 2024 4:19 AM
> To: adrien.montele...@lusfiber.net
> Cc: gnucash-u...@lists.gnucash.org
> Subject: Re: [GNC] Recording transactions (date)
>
> I decided to report h
, April 08, 2024 6:50 PM
> To: gnucash-user@gnucash.org
> Subject: Re: [GNC] Recording transactions (date)
>
> On Mon, 8 Apr 2024 17:11:37 -0500
> R Losey wrote:
>
> > Since I first learned about recording transactions, I have always
> > dated a transaction on the
occur, or just downloading from the bank and importing.
> >
> > It is a personal choice, but can have other implications as noted.
> >
> > Regards,
> > Adrien
> >
> > On 4/8/24 5:11 PM, R Losey wrote:
> > > Since I first learned about r
.
>
> On Mon, 8 Apr 2024 at 23:12, R Losey wrote:
>
>> Since I first learned about recording transactions, I have always dated a
>> transaction on the date I wrote the check; similarly, when entering credit
>> card transactions, I use the date that I actually used t
ur, or just downloading from the bank and importing.
>
> It is a personal choice, but can have other implications as noted.
>
> Regards,
> Adrien
>
> On 4/8/24 5:11 PM, R Losey wrote:
> > Since I first learned about recording transactions, I have always dated a
> > t
024, 6:12 am R Losey, wrote:
>
>> Since I first learned about recording transactions, I have always dated a
>> transaction on the date I wrote the check; similarly, when entering credit
>> card transactions, I use the date that I actually used the credit card.
>>
>> Recently,
On Mon, Apr 8, 2024 at 5:51 PM Liz wrote:
> On Mon, 8 Apr 2024 17:11:37 -0500
> R Losey wrote:
>
> > Since I first learned about recording transactions, I have always
> > dated a transaction on the date I wrote the check; similarly, when
> > entering credit card t
That's not the difference. I understand you are using the credit card as
a "30 day net" account with each vendor (I also do that) but for
accounting purposes it's not the same as if each vendor were giving you
a 30 day net invoice (and the bank just bundling these for a single
payment of all
On 2024-04-09 05:25, Kalpesh Patel wrote:
> In the states, isn't that what is called "floats"?
>
> -Original Message-
> From: Liz
> Sent: Monday, April 08, 2024 6:50 PM
> I think it is a philosophical difference.
> There are legal ramifications, especially when you are spending money.
>
On 2024-04-09 01:19, David Carlson wrote:
> Nearly every time [the bank's] list doesn't match my list, the
> difference is precisely the difference between when I wrote the check or
> when I initiated a payment online or when I swiped a card and when they
> posted the transaction to my account.
occur, or just downloading from the bank and importing.
>
> It is a personal choice, but can have other implications as noted.
>
> Regards,
> Adrien
>
> On 4/8/24 5:11 PM, R Losey wrote:
> > Since I first learned about recording transactions, I have always dated a
>
In the states, isn't that what is called "floats"?
-Original Message-
From: Liz
Sent: Monday, April 08, 2024 6:50 PM
To: gnucash-user@gnucash.org
Subject: Re: [GNC] Recording transactions (date)
On Mon, 8 Apr 2024 17:11:37 -0500
R Losey wrote:
> Since I first learned ab
from the bank and importing.
>
> It is a personal choice, but can have other implications as noted.
>
> Regards,
> Adrien
>
> On 4/8/24 5:11 PM, R Losey wrote:
> > Since I first learned about recording transactions, I have always dated a
> > transaction on th
at 23:12, R Losey wrote:
> Since I first learned about recording transactions, I have always dated a
> transaction on the date I wrote the check; similarly, when entering credit
> card transactions, I use the date that I actually used the credit card.
>
> Recently, however, I was havi
as noted.
Regards,
Adrien
On 4/8/24 5:11 PM, R Losey wrote:
Since I first learned about recording transactions, I have always dated a
transaction on the date I wrote the check; similarly, when entering credit
card transactions, I use the date that I actually used the credit card.
Recently, however
first learned about recording transactions, I have always dated a
> transaction on the date I wrote the check; similarly, when entering credit
> card transactions, I use the date that I actually used the credit card.
>
> Recently, however, I was having a discussion with a friend and he sai
On Mon, 8 Apr 2024 17:11:37 -0500
R Losey wrote:
> Since I first learned about recording transactions, I have always
> dated a transaction on the date I wrote the check; similarly, when
> entering credit card transactions, I use the date that I actually
> used the credit card.
&
Since I first learned about recording transactions, I have always dated a
transaction on the date I wrote the check; similarly, when entering credit
card transactions, I use the date that I actually used the credit card.
Recently, however, I was having a discussion with a friend and he said
I’ve become very confused and am hoping someone can provide some basic help.
I’m attempting to transition from Quicken to GnuCash. I will be starting
from a set of accounts that I already have in Quicken, but I have no
intention of importing data from Quicken. I’ll be obtaining balance
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