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Wire transfer dates

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lanecito

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Oct 6, 2008, 6:49:31 PM10/6/08
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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?

Cal Learner-- MVP

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Oct 6, 2008, 6:54:58 PM10/6/08
to
In microsoft.public.money, lanecito wrote:

Create a suspense account.
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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