Reconcile Credit Card Account-Transaction After Statement Closing

INFO info8824 at gmail.com
Fri Jul 6 16:24:37 EDT 2012


The beginning and ending balances were correct. I will do the entire 
thing from the beginning and carefully monitor what I am doing. I am 
convinced I am doing something silly.

On 07/06/2012 03:00 PM, Colin Law wrote:
> On 6 July 2012 20:51, INFO<info8824 at gmail.com>  wrote:
>> 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?
>
> When starting the reconcile it pops up a dialog with an Ending Balance
> field.  You should set this to the closing balance on the statement
> (which may not be the value filled in by gnucash).  Also check that
> the starting balance shown there matches the starting balance in the
> account.  When you have finished reconciling the figure against
> Difference in the reconcile window should be zero.
>
> Colin L


More information about the gnucash-user mailing list