Recording account balance directly

[john.layman at laymanandlayman.com]

My approach to dealing with this problem is to describe the adjustments as
"unaccounted cash" and make a note of the balance in the note field.  Then, when
I've entered prior transactions it is a simple matter to search for and readjust
these adjusting entries.


On June 18, 2011 at 3:59 PM Colin Law <clanlaw at googlemail.com> wrote:

> On 17 June 2011 19:31, Derek Atkins <warlord at mit.edu> wrote:
> > Hi,
> >
> > salikh <salikh at gmail.com> writes:
> >
> > [snip]
> >> So my questions are
> >> 1) is there an easy way to register the fact, that some account had some
> >> specific balance on some date, and later edit transactions around that
> >> moment to meet the balance?
> >> 2) is there a way to have transaction that computes its "Expense" field
> >> from
> >> the fixed "resulting balance"  and previous balance?
> >> 3) or may be there is a different way to handle the situation without too
> >> much hassle?
> >
> > What I do is that I periodically add a "Balancing Transaction" which is
> > a Transaction to Expenses:Miscelaneous (entered from the Cash account).
> > For the amount I type in "<REALBAL>-<CURBAL>" into the withdrawal
> > column, where <CURBAL> is the current balance as shown in GnuCash, and
> > <REALBAL> is the real balance that I want as of that transaction.
>
> I think the OP already does that.  If I understand his question it is
> that sometimes *after* entering the balance transaction he remembers a
> purchase that needs to be entered before the balance transaction,
> necessitating that the balance transaction needs to be modified to
> keep it correct.  I too have had this problem.  His question is
> whether there is a way of entering a transaction that says that at
> this point the balance should be X and if I enter a new earlier
> transaction then the balancing one will be automatically changed to
> allow for this.  I think the answer is no, and in fact though it
> sounds like a good idea it would be dangerous and would at some point
> lead to unexpected effects.
>
> Colin
>
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