Reconcile initial balance error

Derek Atkins warlord at MIT.EDU
Thu May 10 20:34:49 EDT 2007


Oh, I see..   If there is no cash in the account then you probably
DO want to reconcile each mutual fund separately.

-derek

Quoting Steve Kelem <steve at kelem.net>:

> The starting and ending balances are 0 because there is no cash in 
> the account.  There are 3 mutual funds, but no cash.
>
> What concerns me, besides not being able to Reconcile, is that the 
> Reconciled Balance and Difference fields don't show any numbers, just 
> the dollar sign.
>
> Steve
>
> Derek Atkins said the following on 05/10/2007 01:21 PM:
>> Why are the starting and ending balances 0?
>>
>> Also, the lack of entry inthe Reconciled Balance and Difference columns
>> seems suspicious to me.
>>
>> -derek
>>
>> Quoting Steve Kelem <steve at kelem.net>:
>>
>>> I'm trying to reconcile my 401(k) account.  When I click on all the
>>> appropriate transactions, I get the Reconcile popup with the following
>>> information:
>>>
>>> Funds In    Funds Out
>>> <Transactions checked and unchecked>
>>> Total: $    Total: $6,000.00
>>>
>>> Starting Balance:   $0.00
>>> Ending Balance:     $0.00
>>> Reconciled Balance:     $
>>> Difference:             $
>>>
>>> The "Finish" button is grayed out.
>>>
>>> This means I can't finish the Reconcile operation.
>>>
>>> Any ideas of what's wrong?
>>>
>>> Thanks,
>>> Steve
>>>
>>> Derek Atkins said the following on 04/30/2007 03:15 PM:
>>>> Hi,
>>>>
>>>> Steve Kelem <steve at kelem.net> writes:
>>>>
>>>>> When I try to reconcile my brokerage account for the first time, I get
>>>>> an error with the starting balance.
>>>>> GC thinks that I have a starting balance of around $500,000!
>>>>> My hierarchy looks like the following:
>>>>>
>>>>> Assets
>>>>>   Investments
>>>>>     Brokerage Account
>>>>>       Primo Investments
>>>>>         Funds
>>>>>           Global Slush Fund
>>>>>         Stocks
>>>>>           MegaCorp
>>>>>
>>>>> The starting dates for these transactions is 1999-3-1, and I'm
>>>>> trying to
>>>>> get GnuCash to reconcile all this old data that I imported from
>>>>> Quicken.
>>>>>
>>>>> I have reconciled the leaf-level accounts for March 1999.
>>>>> When I try to reconcile the parent, Primo Investments, GnuCash shows a
>>>>> starting balance of $500,000 for this account, even though no
>>>>> transactions are before March 1999 in any of the accounts under Primo
>>>>> Investments.
>>>>
>>>> Why are you reconciling the Primo Investments account separately?
>>>> Also, did you choose the "reconcile subaccounts" flag?  It's possible
>>>> that the $500,000 is the amount gnucash thinks you reconciled in
>>>> the subaccounts.
>>>>
>>>> The "starting balance" is what gnucash computes as your current
>>>> reconciled balance, so it thinks you already reconciled $500,000.
>>>> That leads me to believe that you already have reconciled transactions
>>>> (perhaps from the children accounts).
>>>>
>>>> As I repeat over and over, when you reconcile something that looks
>>>> strange, ignore the starting number and just worry about the ENDING
>>>> number.  Enter the correct ending balance and then when the dialog
>>>> comes up you'll have a better idea what's going on.  If the secondary
>>>> reconcile window doesn't look right you can just cancel and start over.
>>>>
>>>>> After this problem, I added an Opening Balance transfer of 0 shares
>>>>> from
>>>>> Equity:Opening Balances to every account from Primo on down to all the
>>>>> leaf accounts under it.
>>>>> I have run the Check & Repair command, and I still get the wrong
>>>>> Starting Balance.
>>>>
>>>> Yeah, this wont help.
>>>>
>>>>> Can anyone help me out?
>>>>
>>>> Hopefully I have..
>>>>
>>>>> Thanks,
>>>>> Steve
>>>>
>>>> -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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