Reconcile Credit Card Account-Transaction After Statement Closing

[Colin Law]

On 6 July 2012 21:24, INFO <info8824 at gmail.com> wrote:
> The beginning and ending balances were correct. I will do the entire thing
> from the beginning and carefully monitor what I am doing. I am convinced I
> am doing something silly.

When you start the starting and ending balances should match those
from the statement and the Difference figure should be the difference
between those.  As you tick them off then the difference is adjusted
by the amount of each transaction so when they are all checked it
should be zero.

Colin

>
>
> On 07/06/2012 03:00 PM, Colin Law wrote:
>>
>> On 6 July 2012 20:51, INFO<info8824 at gmail.com>  wrote:
>>>
>>> Greetings:
>>>
>>> I am trying to reconcile a credit card account - my first attempt at
>>> using
>>> Gnucash reconciliation. I encountered the following problem.
>>>
>>> Everything went fine. I checked all the transactions on the statement,
>>> the
>>> reconciled balance was exactly the same as the statement. However, when I
>>> tried to click the check mark to complete the reconciliation, it was
>>> greyed
>>> out. I had one transaction that was a charge made after the closing date
>>> of
>>> the statement. I could not complete the reconciliation unless I also
>>> checked
>>> that transaction, which was not part of this reconciliation.
>>>
>>> After I checked the transaction that occurred after the closing date of
>>> the
>>> statement, then I could complete the reconciliation. However, now the
>>> account shows the interest charge in a negative red, then shows it
>>> correctly
>>> thereafter, and now shows a zero balance for the account.
>>>
>>> I can avoid the interest problem by checking no auto interest and
>>> entering
>>> it manually, but that still doesn't allow me to complete the
>>> reconciliation
>>> without checking the transaction that occurred after the statement
>>> closing
>>> date.
>>>
>>> Clearly, I am missing something here, something simple no doubt. I
>>> followed
>>> the instructions in the guide, but with no success. Any directions?
>>
>>
>> When starting the reconcile it pops up a dialog with an Ending Balance
>> field.  You should set this to the closing balance on the statement
>> (which may not be the value filled in by gnucash).  Also check that
>> the starting balance shown there matches the starting balance in the
>> account.  When you have finished reconciling the figure against
>> Difference in the reconcile window should be zero.
>>
>> Colin L