On Monday, September 16, 2019 at 4:32:10 AM UTC+8, Jimi Damon wrote:
>
> It's actually pretty easy to reconcile two statements if they can both 
> agree upon a common UUID ( or something similar like Check number) for the 
> transaction that occurred between them both.
> This is what I meant by the "Cryptocurrency / block chain" solution where 
> each transaction has a unique identifier. 
>
> Each transaction would be sacrosanct and uniquely named so there would be 
> no need to go back and mark either transaction as "cleared".  
>
> That suits my needs better than having to manually go through and hand 
> edit my ledger files after the fact.   I know that this kind of goes 
> against the default standard of accounting, but I feel like that is going 
> to be replaced with more of these electronic transactions.
>

Like I said earlier, Any bitcoin payment you make you would immediately 
mark as cleared at the time you make the entry (and you probably wouldn't 
make the entry until you have seen a couple of confirmations). Similarly, 
you are not going to enter any bitcoin receipts in your ledger file until 
you see them in your wallet so they can also be marked as cleared at the 
time you make the entry.

It is only when you have to wait for bank statements that there is a time 
delay between making the entry and clearing it.

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