From: "Pete Holsberg"
I just spoke with my bank and was told that if the bill can be paid
electronically, it will go out in approximately two business days;
otherwise, four business days.
Sounds the same as the way my bank does QuickBooks.
Actually, (Sorry Pete), This next part is an answer to Chuck's reply
he does things more manually...
AND only says how QuickBooks works...
(Quicken may be similar in some ways...)
I never pay at my Banks OLB dept directly.
That info does not get into QuickBooks automatically.
I DO pay through OLB through QuickBooks.
QuickBooks uses my Bank, and CheckFree to actually send the check.
(I confirm this everytime my firewall wants to go and "do it"...)
That puts the Bill, Bill Payment, and Check into my Register automatically.
It (QBW-OLB) also notifies me when the check clears, and marks the register
in a different way to help when doing a reconciliation later.
If a Check was a Deposit, I enter all that and get a "cleared" notification.
It keeps a history of all the internal program links concerning what that
check was for that can be "drilled down on" by looking at the Check and hitting
Ctrl+H... This includes tracking a check all the way back to a Customer
Invoice if it was a deposit... It even shows the allocation on that Invoice if
a partial payment...
I think I can send a check up to a year in advance, and commomly send
not more than three months ahead...
The entire process is tracked on BOTH sides and (sort of) kept in sync...
Example, If you send a check through QBW-OLB, and crash your computer
and restore an older back-up that does NOT include all sent checks, WHEN
those checks clear, QBW-OLB section can't match it to anything and WARNS
you there is a problem...
Disclaimer: I never used Quicken, although Intuit gave it to me in 2002 as a
"perk" after the QBW2002-Wassibi beta. I currently run QBW2005Premier.
Rick Glazier
--
No virus found in this outgoing message.
Checked by AVG Free Edition.
Version: 7.1.361 / Virus Database: 267.12.5/149 - Release Date: 10/25/2005
--
----------------------------------------
To unsubscribe, mailto: [EMAIL PROTECTED]
Is your picture included in the Official Win-Home List Members Profiles Page?
http://www.besteffort.com/winhome/Profiles.html
If not, write to: [EMAIL PROTECTED]
