Reconciliation window: closing balance distorted and reconciliation date

[Jannick Asmus]

On 02.05.2008 22:54, Elizabeth Dodd wrote:
> On Fri, 2 May 2008, Maf. King wrote:
>> I see exactly what you are doing, and understand your reasoning, but if I
>> may make a suggestion -  don't reconcile your tax liability account every
>> day (or data-entry day/week/whatever) - do it only when the final total for
>> the month is known, then you should end up at 0.00 in the account - unless
>> you have an error!  (I do this for my expenses claimed from my business, so
>> I can see easily what is outstanding. )
> 
> 
> I can't actually make mine zero as the tax office here only accepts whole 
> dollar transactions. Ours have to be rounded up and down to the nearest 
> dollar.

The same for me here in Germany, there are slight differences between 
the VAT incurred on invoices and the VAT amount reported to the tax 
office. The differences are due to rounding.

The problem I am pointing at does not concern that the balance of the 
tax account should be zero at some date, but that the default amount in 
the reconciliation window should give the account balance at date chosen 
in the dialogue.

At the moment the default value is the total account value. This 
includes transactions with transaction date in the future. Examples are 
tax transactions as described before and transactions the online banking 
module of GC has imported with value date after the import date. There 
are a lot more examples, so I believe this issue I am pointing at is not 
a tax issue.

> So I use a method which is similar to Maf's in which I add in the needed 
> values at then end of the (three month) accounting period. 
> I'm pointing this out because an automated system as described by Jannick 
> would have to zero the balances, and cannot suit all cases.

Does it really change anything for you if the default value is changed 
values to date? I must admit that I cannot see any problem here since 
the results should be the same for you. Or am I missing something here? 
Please let me know.

Best wishes,
J.