Hello - new to list with a question about reconciliation

[Derek Atkins]

Quoting David Ryder <davaweb at bigpond.net.au>:

> May I ask though, when reconciling an account, simple domestic example:
> 1. reconcile cheque account
> 2. one of the entries is "salary" which is paid into the cheque account
> and increases the Income:Salary account
> 3. Why does the cheque account have a 'y' for reconciled but the
> corresponding entry in Income:Salary doesn't?

Because you reconciled the checking account, not the salary account.
When you reconcile you're only ACCOUNT (and in particular the splits
into the account).  You're not recociling Transactions.

> Regards,
> David

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
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