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
       warlord at MIT.EDU                        PGP key available



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