Hello - new to list with a question about reconciliation

[David Ryder]

On Wed, 2009-02-18 at 17:00 -0500, Derek Atkins wrote:
> Quoting David Ryder <davaweb at bigpond.net.au>:
> 
> > Hello,
> > I've just joined the list and am new to gnu-cash - I never could
> > understand the myob etc but this I do!
> >
> > I have a problem - I reconciled a Liabilities account by mistake instead
> > of the Asset account it posted to. I need to undo the additional entries
> > to the Liabilities account which I put it in to make it reconcile and,
> > of course, these changes are in the Asset account.
> 
> Wow!  How on earth did you asset balance on your account statement
> match the balance of the liability on the same day?   Or even better
> question:  how did your asset account transactions from your statement
> map to your liability transactions?

First, the Lability Account I had just created should have been
an Income account. Secondly, it didn't - the Liababilty account didn't
have the entries required to make it balance. I thought I was balancing
the Asset account and the Statements I receive contained entries I only
know of at the end of the month. So I entered them _thinking_ I was in the Asset account.
Thus, they were entered into the wrong place.
I can move the Liability account to its correct place under Income.

I got myself into a pickle because of time deadlines and now I'm trying
to get out - hence my question :-)

> Or did you just accept GnuCash's "ending balance" without actually
> comparing that to your account statement?

No, I always enter the correct balance.

> > Is it possible, if so how, to undo this account reconciliation?
> 
> Not per se, however you could go in and manually convert the 'y'
> values in the reconciled column to 'n' to "unreconcile" them.
> 
> > If not, what happens if I delete reconciled entries?
> 
> GnuCash should complain...  But it would let you do it.
> 
> > This is a business and is very important.
> >
> > Many thanks for your help,
> > David
> 
> > Please remember to CC this list on all your replies.
> > You can do this by using Reply-To-List or Reply-All.
> 
> -derek
> 
Thanks derek,
Regards,
David