How to realign my checing account ?

[Maf. King]

On Thursday 30 Jun 2005 16:48, Bob Alexander wrote:
> As some of you have noticed I started using GnuCash a few weeks ago and
> precisely June 16th.
>
> I connected to my bank and jotted down my bank account balance on that
> day and entered it as an initial equity with a transfer to my bank
> account and from there onwards have entered all expenses.
>
> For some days all was aok and the balance of my online bank account and
> my GnuCash was precise to the (euro)cent !!!
>
> Problems started trickling in when I received evidence of OLDER
> transactions which I wanted to enter. For example I received my credit
> card account which was prior to June the 16th.
>
> Probably because of this, even though I have registered all of my
> expenses, my bank account and my GnuCash account balance do not have the
> SAME value :(
>
> What is the methodology to redress this ?
>
> Sorry if the question is confused but it duly reflects my state of mind
> ... confused.
>
> TIA,
> Bob


Hi Bob,

Not exactly sure what your problem is. (but the answer is probably to tweak 
equity :opening balances)

Do you mean that since 16th June, there have been transactions posted to your 
bank account, which you consider to have happened before your GC records 
began?  Eg. you wrote out a check toy your credit card on 13th June, and it 
only shows in the bank on 17th june?

Or is the confusion because your credit card statement has arrived with 
transactions on it prior to GC data, and so the sum you are about to transfer 
from your bank doesn't agree with what GC says your payment should be?

Or am I missing the point?

Cheers,
Maf