Account reconciliation docs

Jon Lapham lapham at extracta.com.br
Wed Aug 6 20:25:36 CDT 2003


Derek Atkins wrote:
> This is a gnucash-devel question, not a gnucash-user question.
> I'd have to look to see how is it actually implemented, but I 
> dont have time this week..  Maybe someone else will..  Ask specifically
> on -devel.

I did.  :)  Roberto's comment removed -devel, but my original question 
was to -devel.  There  .... I just re-added -devel to the CC list.

>>So, I'm guessing, that most likely it looks at the balance as of the
>>last reconciled transaction.  But, I asked to get a definitive answer.
> 
> 
> Yes, but the balance of a particular transaction is computed
> 'recursively' from the balance of the previous transaction.
> 
> 
>>Oh, okay, so "interest payment" means *interest earned* on that account?
>>  Yeah, I'm with you, I think I would prefer to actually enter that
>>manually.  Weird.  Why do we have this option?
> 
> 
> Yes, it's the "Interested Paid to you for allowing the bank to use
> your money"  It's here because some people felt it was a decent place
> to add it for simple bank-statements.  Some banks don't actually
> consider the interest to be a "transactions", and they are placed on
> the statement as a separate line-item.
> 
> Basically, it's a UI "syntactic sugar" for entering an interest
> payment transaction.
> 
> Note that in credit cards or, the interest could be paid BY you
> instead of paid TO you...

Excellent.  Thanks for the explanation.

-- 
-**-*-*---*-*---*-*---*-----*-*-----*---*-*---*-----*-----*-*-----*---
  Jon Lapham  <lapham at extracta.com.br>          Rio de Janeiro, Brasil
  Work: Extracta Moléculas Naturais SA     http://www.extracta.com.br/
  Web: http://www.jandr.org/
***-*--*----*-------*------------*--------------------*---------------




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