starting balance on new file

[Dustin Henning]

You could reconcile after entering the starting balance in order to have the
reconciled balance be the previous file's closing balance when you reconcile
against the new statement for real.   However, it's probably just as easy to
look at the opening balance and compare that to the one on the bank
statement as it is to compare the starting balance when reconciling.

-----Original Message-----
From: gnucash-user-bounces+the00dustin=gmx.net at gnucash.org
[mailto:gnucash-user-bounces+the00dustin=gmx.net at gnucash.org] On Behalf Of
Nolan Young
Sent: Sunday, February 05, 2012 11:46
To: Colin Law
Cc: gnucash-user at gnucash.org
Subject: Re: starting balance on new file

Okay, thanks.  That makes sense.

We have had the same checking account for many years, but I start a new file
every calendar year.  I was looking for a way to have the previous file's
closing balance (December 31) be the new file's starting balance, so it will
agree with the bank statement, but it sounds like it doesn't work that way.
I have no accounting training or background, so thanks for the feedback.

I will adjust the credits to make the reconciliation work.

On Sun, Feb 5, 2012 at 5:57 AM, Colin Law <clanlaw at googlemail.com> wrote:
> On 5 February 2012 04:45, Nolan Young <nryoung415 at gmail.com> wrote:
>> Version is 2.4.0 under OpenSuse Linux.
>>
>> Created new file for 2012, with the usual accounts.  Created 
>> transaction dated 1/1/2012 called "Opening Balance" with description 
>> "Equity:Opening Balances".  But when I start to reconcile, it says
starting balance is 0.00.
>
> The opening balance that you entered is one of the items that you will 
> have to reconcile, so the starting balance before that is zero.
>
> Colin

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