Yep; when I worked in a bank, we were always having to call people around
the beginning of the year to check with them.
I remember that we once did find a very old check; if memory serves (it was
a LONG time ago), they were on checks in the 1300s, and the old check was
from the 100s... and it was
Yes; she doesn't want to bother to look; she's not sure if she destroyed it
or not. If she would just say one way or the other, it would help.
On Tue, Jan 31, 2023 at 12:29 PM Phyllis Bruce wrote:
> Wouldn't it just be simpler to ask your sister in law to destroy the check
> if she finds it? Th
On Tue, 31 Jan 2023 12:13:52 -0600
R Losey wrote:
> Thanks; I used to work in a bank, and I thought there was a policy
> such as you described... however, I did check with the bank, and they
> indicated that they would honor the check regardless of how old it
> was. They seem to be angling for m
Welcome to the world of tracking your dollars!
On Tue, Jan 31, 2023 at 1:50 PM Dr. David Kirkby <
drkir...@kirkbymicrowave.co.uk> wrote:
> On Mon, 30 Jan 2023 at 16:41, Phyllis Bruce wrote:
>
>> Dr. Kirby,
>>
>> I'm praying your problem is getting away from paper reconciliation.
>> Remember how
Wouldn't it just be simpler to ask your sister in law to destroy the check
if she finds it? Then write it off/delete it.
On Tue, Jan 31, 2023 at 12:14 PM R Losey wrote:
> Thanks; I used to work in a bank, and I thought there was a policy such as
> you described... however, I did check with the
I agree that the statement is misleading... all it is trying to say is that
if you reconcile a balance to $1000 and then add a transaction before the
reconciliation date, the balance will change... (that is, if you add a $50
check, the balance will be $950 now instead of the $1000 you used.
For m
On Mon, 30 Jan 2023 at 16:41, Phyllis Bruce wrote:
> Dr. Kirby,
>
> I'm praying your problem is getting away from paper reconciliation.
> Remember how we used to turn the page over and list the items NOT on the
> bank statements?
No, because I have never before attempted reconciling a bank acco
Thanks; I used to work in a bank, and I thought there was a policy such as
you described... however, I did check with the bank, and they indicated
that they would honor the check regardless of how old it was. They seem to
be angling for me to pay them $$$ to stop payment on the check, which I'm
re
On Mon, 30 Jan 2023 at 19:46, R Losey wrote:
> Normally, people 'reconcile' their records to the financial institution,
> marking the ones on which they agree as 'reconciled'.
>
> If everything went right, the accounts should balance, leaving the
> transactions that the bank doesn't know about...
Reconciliation verifies that:
Opening Balance
+
*listed* transactions
=
Ending Balance
That is all.
Sometimes, banks don't clear transactions in the same period they were
submitted. It appears in this case, it cleared an entire period late.
You were able to reconcile June & July because the b
... regardless of date.
I sent a check to a sister-in-law that she probably won't cash, but she
cannot remember what she did with it... so, years later, it is still an
Uh no, not outstanding indefinitely.
This of course is not really a gnucash question but since this question
affects recon
Normally, people 'reconcile' their records to the financial institution,
marking the ones on which they agree as 'reconciled'.
If everything went right, the accounts should balance, leaving the
transactions that the bank doesn't know about... regardless of date.
I sent a check to a sister-in-law
Dr. Kirby,
I'm praying your problem is getting away from paper reconciliation.
Remember how we used to turn the page over and list the items NOT on the
bank statements? Gnu does that automatically. You reconcile to your bank
statement so that the difference on your reconciliation screen shows a
Presumably you are on a cash basis. If not then stop reading here. If on
a cash basis then you (your bank) paid the bill in August, regardless of
when you received the bill. Why do you say the transaction occurred in
June? Maybe the work was done/goods were delivered, etc. but the bill
was paid
On Mon, 30 Jan 2023 at 03:49, Jim DeLaHunt wrote:
> On 2023-01-29 17:34, Dr. David Kirkby wrote:
>
> > I've reconciled my bank account until the end of July 2022, but then
> found
> > a bill from a vendor which was paid from the bank account in August, but
> > the transaction occurred in June. So
On 2023-01-29 17:34, Dr. David Kirkby wrote:
I've reconciled my bank account until the end of July 2022, but then found
a bill from a vendor which was paid from the bank account in August, but
the transaction occurred in June. So really I want to create a bill in
June.
In what sense is this a
I've reconciled my bank account until the end of July 2022, but then found
a bill from a vendor which was paid from the bank account in August, but
the transaction occurred in June. So really I want to create a bill in
June.
What's the best way out of this?
Dr David Kirkby Ph.D
Email: drkir...@k
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