Transaction Dates

1

Sorry for this dumb question but I’m new to Manager.io so I am not yet familiar with it.

I just started entering in some income and expenses. A lot of the expenses are paid by check. When I went to do a reconciliation, I got a “Discrepancy” warning. I believe this is because some of the checks are written in one month but not cashed until the following month. I always write the date the check was written as the Transaction Date. Should I be writing the date they were cashed instead or is there another way to account for this?

2

If you have created the bank accounts correctly, you will have a transaction date and a cleared date on the payment transaction

The transaction date is the date you wrote the cheque/check
The cleared date is the date it appeared i your bank account

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3

Thanks! I actually just realized that there was a payments tab that I didn’t know about. I had been entering everything in as a journal entry. Once I found the payments section, I was able to enter in dates for the transaction and I found a column for cleared date but it was autopopulated as the transaction date. I then went into the bank account and allowed pending transactions which solved the problem and I can now enter in different date. The part that stinks now is, after inputting lines for the last ten hours, I think I have to go back in and delete all of the journal entries and replace them with payments.

4

It actually helps to go to the old guides at https://www2.manager.io/guides/

When no longer reflecting what you see use the new ones at https://www.manager.io/guides

In any case it links to the old ones as these are giving far more background and details but obviously some are no longer valid. At that stage look at the new ones.

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5

Thank you!