I have a situation where my client transfers between bank accounts. This is okay on recon except when the transfer spans a two months (ie: tranferred on 12/31/2007 from A; received on 1/2/2008 in B. When A is reconciled for 12/2007 the transaction is cleared; it however is cleared in B also. So when B is reconciled in 1/2008 the transfer does not show up as it is marked cleared in the originating account. My original thought is to create a transfer clearing account - "Deposits in transit" - as a Current Asset. Anyone's thoughts?

That would take care of it - the suspense account.