tag:infinitekind.tenderapp.com,2009-01-14:/discussions/suggestions/15673-can-differing-dates-link-between-accountsInfinite Kind: Discussion 2023-06-25T21:00:21Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/583135622023-03-20T09:58:28Z2023-03-20T09:58:28ZCan differing dates link between accounts?<div><p>Doesn’t the auto merge date in conjunction with x days setting? You will still get one date (last one wins) but the merge will prevent duplicate txns??</p></div>Stuart Beesley (Mr Toolbox)tag:infinitekind.tenderapp.com,2009-01-14:Comment/583135622023-03-20T10:41:09Z2023-03-20T10:41:09ZCan differing dates link between accounts?<div><p>Software can either follow double entry rules or it doesn't follow those rules there is no middle ground, there is no provision for differing dates as that means money has gone missing for a period of time.</p>
<p>That being said in accounting there is the concept of money in transit, especially in days gone by as it could take time for remittances to go through.</p>
<p>The methodology of dealing with this in accounting is to pass the funds through a transits account, you could also pass the funds through a transits category. The point is the funds are accounted for at any point in time. Relaxed date handling means that funds are not accounted for during the intervening period and as a result the accounting model would be broken.</p></div>dwgtag:infinitekind.tenderapp.com,2009-01-14:Comment/583135622023-03-20T22:32:17Z2023-03-20T22:32:17ZCan differing dates link between accounts?<div><p>just a user</p>
<p>I go with both Stuart and dwg - if you really need multi-date transactions, then Moneydance can do this - (re Stuart), just the dates get combined into one. If that's not adequate (I.E. you MUST know that the money was missing for 1-3 days (i.e. in transit), then dwg's comment would be appropriate.</p>
<p>Can you explain why you NEED for the dates to be different once you merge them? I can understand this for a business that might have hourly counting of money, but for personal software where the merge usually occurs after the fact? Not so sure, so that's why I ask.</p></div>dtdtag:infinitekind.tenderapp.com,2009-01-14:Comment/583135622023-03-26T15:29:41Z2023-03-26T15:29:41ZCan differing dates link between accounts?<div><p>Why I <strong><em>NEED</em></strong> the dates to be different?</p>
<p>IMHO, it's a matter of accurate record keeping. . .</p>
<p>As I mentioned in the initial post, <strong><em>both</em></strong> dates, (my bank's date and the credit-card bank's date), carry legal significance. Simply saying "the last one wins" doesn't solve the problem.</p>
<p>Banks contain two different types of people:<br>
1. Accountants. (What's mine is mine and what's yours is yours.)<br>
2. Lawyers. (What's mine is mine and what's yours is also mine, and if you don't like it, sue me!)</p>
<p>Even though the money may have electronically transferred immediately, the receiving bank may not "post" (credit), the payment until "the next business day".</p>
<p>Because of this, having records of both dates can be incredibly important.</p></div>jimrhtag:infinitekind.tenderapp.com,2009-01-14:Comment/583135622023-03-26T20:52:33Z2023-03-26T20:52:33ZCan differing dates link between accounts?<div><p>just a user - then I'll go with dwg's comments on transit accounts/category handling.</p></div>dtd