How to realign my checing account ?

[Andrew Sackville-West]

I am assuming that the bank balance at the time (June 16) did not 
reflect outstanding checks or charges that subsequently have come in? In 
that case, you probably could just adjust that opening equity 
transaction to balance it again. Then once you've reconciled a 
statement, you should be good to go forward.

Perhaps though it would be better to actually recreate the whole month 
of june by entering those prior transactions from the first of the 
month. A little more work, but probably better accounting practice.

A

Bob Alexander wrote:
> As some of you have noticed I started using GnuCash a few weeks ago and 
> precisely June 16th.
> 
> I connected to my bank and jotted down my bank account balance on that 
> day and entered it as an initial equity with a transfer to my bank 
> account and from there onwards have entered all expenses.
> 
> For some days all was aok and the balance of my online bank account and 
> my GnuCash was precise to the (euro)cent !!!
> 
> Problems started trickling in when I received evidence of OLDER 
> transactions which I wanted to enter. For example I received my credit 
> card account which was prior to June the 16th.
> 
> Probably because of this, even though I have registered all of my 
> expenses, my bank account and my GnuCash account balance do not have the 
> SAME value :(
> 
> What is the methodology to redress this ?
> 
> Sorry if the question is confused but it duly reflects my state of mind 
> ... confused.
> 
> TIA,
> Bob
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