Reconcile Credit Card Account-Transaction After Statement Closing

[Dustin Henning]

Two knowledgeable people have suggested you had the wrong ending balance,
which sounds plausible, however, I have another theory.  When it asked you
to select an interest account, did you choose the credit card account?  You
should have chosen an expense account for the interest charge to apply to.
I am guessing this based on your comment about a negative and positive
amount for the interest in the same account.  If I am correct, you can fix
this by changing the negative amount's linked account to the expense account
(the positive is the same transaction and will move to that account when you
do this).  In that case, it is lucky that the numbers came back to 0 so you
could reconcile.  Note that if you did correct the balance, that implies to
me that the date was wrong on the screen where you set said balance, because
in my experience, if everything else is right, the ending balance will be
right when you set the date of the statement (barring any transactions
before the statement date that aren't included on it).
	Dustin

-----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
INFO
Sent: Friday, July 06, 2012 15:52
To: gnucash-user at gnucash.org
Subject: RE: Reconcile Credit Card Account-Transaction After Statement
Closing

Greetings:

I am trying to reconcile a credit card account - my first attempt at using
Gnucash reconciliation. I encountered the following problem.

Everything went fine. I checked all the transactions on the statement, the
reconciled balance was exactly the same as the statement. However, when I
tried to click the check mark to complete the reconciliation, it was greyed
out. I had one transaction that was a charge made after the closing date of
the statement. I could not complete the reconciliation unless I also checked
that transaction, which was not part of this reconciliation.

After I checked the transaction that occurred after the closing date of the
statement, then I could complete the reconciliation. However, now the
account shows the interest charge in a negative red, then shows it correctly
thereafter, and now shows a zero balance for the account.

I can avoid the interest problem by checking no auto interest and entering
it manually, but that still doesn't allow me to complete the reconciliation
without checking the transaction that occurred after the statement closing
date.

Clearly, I am missing something here, something simple no doubt. I followed
the instructions in the guide, but with no success. Any directions?

I have been trying to use Gnucash for a long time. Now that I can use the
SQLite3 backend, most of my previous limitations are gone. I can use queries
to get any information I need on a copy of the file. Gnucash now seems like
a powerful business tool that is easily queried for any desired data, and
easily connected to office suites for any desired data manipulation.

Joel Bailey
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