transaction entered in January clears bank in February

How do you handle transactions that took place and were entered manually but show as processed on the bank's end in February? Do you show that as spent in the month the bank processed it, even if it was money budgeted for January?

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  • I date transactions for the day money leaves my control. Any delay by the payee or the bank network is immaterial.

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  • Thanks  dakinemaui ! That's really helpful.

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  • I change the date.

  • I entered it manually to indicate that was when I committed the money.  I'll match the transaction from the bank but that keep the date I entered.  In your example, it stays January.

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  • No, I do it exactly as @dakinemaui has suggested. I'm an accountant so it would feel weird doing it any other way.

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    • nolesrule
    • Been waiting 5 years for the Stealing From the Future fix...
    • nolesrule
    • 11 mths ago
    • Reported - view
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