Cash Flow and Electronic Payments


M

Mark

I have a rent check that is sent from my bank 5 days
before the due date. Through Money I use electronic
payments from my bank (Bank One) The bank takes the
money out of my account 5 business days early because
they send a paper check. Since my bills and deposits
have the rent scheduled to come out on the first of the
month I have a cash flow discrepency for future months.
In future months Money always lists the rent check coming
out on the 1st of the month when in reality it comes out
5 business days earlier.
 
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C

Chad

Why not just schedule the payment in Money to come out 5
days earlier? Just record the payment 5 days prior for
cash flow purposes.
 

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