First Time to Reconcile - opening balance is wrong

[David T.]

--- On Fri, 2/4/11, Mark Phillips <mark at phillipsmarketing.biz> wrote:

> From: Mark Phillips <mark at phillipsmarketing.biz>
> Subject: First Time to Reconcile - opening balance is wrong
> To: "Gnucash Users" <gnucash-user at gnucash.org>
> Date: Friday, February 4, 2011, 12:50 PM
> I started with gnucash in January. I
> went through the setup wizard and
> entered the opening balance for my checking account. It
> shows correctly in
> the register window and equity account. But when I click on
> reconcile, after
> adding a month of transactions, the opening balance in the
> reconciliation
> window is $0.00. I have cleared all the transactions from
> my statement, but
> I can't reconcile the beast because the opening balance is
> wrong. How do I
> fix this?

To Gnucash, your opening balance is zero when you start, since it calculates that figure on the fly. Really, it doesn't matter what the opening number is--does the ENDING number match your statement when you're done reconciling? If so, you are fine, and most likely, the next time you reconcile, it will match your statement.

BTW, I have asked that this information be added to the documentation, since it always seems to come up. The proposal I made is at: https://bugzilla.gnome.org/show_bug.cgi?id=639264

HTH,
David

> 
> Thanks,
> 
> Mark
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