When reconciling my bookkeeping with my bank statement, should I use the date the transaction occurred or the date the bank processed the transaction?
Also, which date should I use when transferring money from one bank account to another? The problem being that the two banks processed the transaction on different days.
For example, if I withdraw €100 from my bank account on 30 September, I have the cash on that day (obviously), but my bank does not process the transaction until 2 October. How should I date the transaction in my own books?
As another example, if I transfer €100 from Bank A to Bank B, Bank A's statement dates the transaction on 20 September, but Bank B dates it as coming in on 22 September. How should I account for that €100 during those two days it's being transferred?
The bookkeeping software that I use doesn't seem to allow for this "transfer time" between accounts. When I enter a transfer from one account to another, they both have to have the same date.
How should I resolve this so I can accurately reconcile my accounts in my bookkeeping software? What's the "proper" way of doing this?