Reconcile Credit Card Account-Transaction After Statement Closing

[INFO]

I was convinced I was doing something foolish. I just did everything 
from scratch and it went fine. I have no idea what I did wrong. 
Sometimes dimple mistakes can be frustrating.

The rapid informative responses make Gnucash a delight to use. Now that 
the app itself has added a few things, like sql back-end, I don't see 
why this real double entry system doesn't take off. One possible 
drawback is the documentation. If you know what you are doing, the 
documentation is more than adequate. For people new to Gnucash, there 
might be a problem. We are familiar with computerised accounting, so 
Gnucash has functions where we expect to find them. Someone from a more 
simple one-write system might need a little more detail in the 
documents. But I don't think anyone should try to teach accounting in 
the documentation. That is asking too much.

We have a real warm and fuzzy feeling starting out with a system we 
haven't used extensively because of the really quick and helpful 
responses. The user support is the lifeblood of open source.

On 07/06/2012 05:50 PM, Paula Hendricks wrote:
> and also check the date... i've found most times gnu cash does it just right, but every once in a while the date or the ending balance is off...
>
> 	ph
>
> ~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~
> paula hendricks ~:~ cinnabar bridge communications
> writing ~:~ photography ~:~ book design
> san francisco ~:~ 415.975.0950
>
> On Jul 6, 2012, at 1:00 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
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