Hi,
Am new to QuickFile so have just completed importing bank transactions from multiple business bank accounts. As a couple of these accounts are business savings accounts a lot of transactions are between these and the business current account.
What I’ve noticed is the tagging process only recognises a transaction already existing in the account you’re tagging it to when the dates of the transaction match. I consider my banking imports to be the source of truth. If I change the date on one of the transactions to allow the tagging to work it then ties the date as being the same on both transactions, I can’t change the date back that I changed earlier without it changing the date on both transactions. Is this a bug or is it meant to be this way it just doesn’t feel quite right to be altering my source of truth?
Due to the nature of double entry bookkeeping, the transfers will always be on the same date for both bank accounts.
I’m not sure how common it is for a bank transfer to take a few days between accounts? In this case however, you would need to either pick a date, or opt for a holding account to “hold” the funds between the transfer and while they’re in limbo. Personally, I think opting for a particular date would be the best approach to this.
If I were to opt for the holding account option would this be a case of setting up an additional bank account but just with a notional name eg ‘holding account’? This then ends up as an intermediary step of tagging them into here first and then a new transfer out of this holding account on the date that matches the destination bank account? I could use just one holding account for movements to / from either savings account and only use it for transactions where the dates differ?
