Opening balance correction.
rbmorse at comcast.net
Sat Dec 15 15:17:19 EST 2007
Also, look for transactions marked as reconciled in the GnuCash register
but really never cleared the bank. I've got one I found last week that
dates back to January (I guess I should reconcile more often).
Somehow a "Y" ended up where it should not have. Took me a couple of
hours to find the error and I only run three or four transactions a
month in that particular account.
On Sat, 2007-12-15 at 11:29 -0800, Andrew Sackville-West wrote:
> On Sat, Dec 15, 2007 at 12:01:43PM -0600, jim wrote:
> > Thanks Andrew for the response. I may have misled everyone by using the
> > term opening balance. The part that is incorrect is in the reconcile
> > screen and is the "starting balance". I have checked repeatedly all
> > entries for the year in question and all are correct. The difference
> > must have occurred sometime during this past year when I did a
> > reconciliation and unknowingly entered an incorrect starting balance.
> > This makes all subsequent reconciliations to not reconcile as far as I
> > have been able to determine. I suppose the only solution is to re-enter
> > all the transactions without reconciling any of the periods, then doing
> > a reconciliation at the end. Shouldn't take but about two, may three
> > days.:(
> If at some point that reconciled starting balance was correct and your
> reconciliation was working correctly, and then suddenly the
> reconcilied starting balance was wrong, the only explanation is that
> you've changed something that was already reconciled. You'll have to
> try again... going over everything with a fine toothed comb.
> If it was *my* accounts, I would weigh the cost/benefit here. If I've
> tweaked something by a few pennies to a few dollars, and I've spent a
> reasonable amount of time trying to track it down, I'd be just as
> likely to write it off. An entry to correct the balance (back to
> Equity) is certainly reasonable. But it depends on your situation and
> your stomach for that stuff. My time is worth too much to spend
> hours/days trying to trakc down minor issues. but that's me.
> > I do have another question. Is there a way to reverse the position of
> > the columns, debit and credit (increase and decrease)? If so, I haven't
> > found it yet. The reason? All printed registers and all software of
> > which I'm aware, have the debits listed first, credits listed second...
> > at least in my "neck of the woods".
> My register displays this way by default.
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