Reconciling/postponing ?
Derek Atkins
warlord at MIT.EDU
Tue Apr 18 13:50:48 EDT 2006
Quoting Bengt Thuree <bengt at thuree.com>:
> Hi
>
> I just tried to postpone a reconcile, and the checking account looks
> quite ok ("c" in the Reconciled column).
>
> But when I tried to check the Grocery expense, I saw that this account
> was not cleared.
That's correct.
> Is this design or? I would assume that when I reconcile one transaction,
> both ends of it is checked
You assume incorrectly.
First, you never need to reconcile Income/Expense accounts, only Asset and
Liability accounts.
Second, imagine a transaction where you pay your credit card. Just because
you clear the bank account doesn't mean you should clear the credit card
account.
> /Bengt
-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
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