Query regarding reconciliation

[Ankur Sinha]

On Mon, 2010-07-05 at 21:49 +0200, Geert Janssens wrote:
> On Monday 5 July 2010, Ankur Sinha wrote:
> > hi,
> > 
> > If I have say, two accounts, cash in wallet and expenses:gifts.
> > 
> > Will reconciling my "cash in wallet" account(or a single transaction in
> > it), mark the corresponding transactions in the expenses:gifts account
> > as reconciled. I don't think it does, shouldn't it?
> > 
> Reconciliation happens on the account level. So if you reconcile your "Cash in 
> Wallet" account, it will only reconcile the transaction splits in that 
> account, not the transaction splits in for example Expenses:Gifts.
> 
> As I understand it, reconciliation is used to validate your bank account 
> statements against your input in GnuCash. Your bank account statements only 
> hold information about, well your bank account. So these statements can't be 
> used to verify the balancing splits of your transactions. So it wouldn't be 
> correct if GnuCash marked these splits as reconciled as well.
> 
> Geert

hi,

Thanks for that. I re-read the GNUCash help on reconciliation. What I'm
somewhat perplexed about is "so.. are only bank accounts to be
reconciled?". Or do you reconcile your "cash in wallet account" with
receipts etc.? i.e., all accounts are not to be reconciled?

Thanks again.

regards,
Ankur