[SOLVED] Re: creditcard reconciliation impossible

Derek Atkins warlord at MIT.EDU
Fri Jun 23 11:07:22 EDT 2006

Um, why don't you just post-date the payment?  P1 gets
reconciled on S2.  Everything balances.  Everything reconciles.
You don't need the A/P account.

When you get S1, you reconcile P0 and all the expenses on S1.  This
will pop up the payment dialog which you DONT cancel.  Set the payment
to the expected future date when you expect the payment to happen.
Note that you DO NOT reconcile the P1 payment transaction during
reconciliation of S1.

A month later, when S2 arrives, you perform the reconciliation.  P1
should be noted on S2 so it gets reconciled at that time.

I don't see the problem here.


"A.J. Bonnema" <abonnema at xs4all.nl> writes:

> A.J. Bonnema wrote:
>> So I went to create the "accounts/payable". But where to create it?
>> Is it an asset or liability? I think not. Neither is it an income or 
>> expense account. That leaves me with an equity account: would that be 
>> correct?
>> Guus.
> (slightly embarressed) [I should have] checked the docs first. This one 
> *is* mentioned, albeit as a business account.....
> Anyway, it's a liability too.
> Problem solved I guess. What I do now is enter all payments from the 
> creditcard as a charge, then enter the statement from the creditcard 
> company as a payment to the accounts-payable account.
> Then, when the bank statement arrives a week later, I enter the payment 
> to the creditcard from the bank to the accounts-payable account.
> Everything reconciles, everyone happy, GNUCash, me, and who knows who else!
> Thanks for the hints, Wouter!
> Guus.

       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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