Newbie user with query about reconciliation

[Steven Stern]

I do it all the time. I go to my bank website, click the Download
Activity button, select "Quicken Web", download an .ofx file, then use
FILE -> IMPORT to  import it.  Usually, the importer can match existing
transactions.

Reconciliation is still a bit manual, but that's mainly due to some
dyslexia on my part; I don't always enter transactions correctly.  If
I've been good, it's just a matter of checking off items in left column
and right column and coming up with a 0.00 difference between my ending
balance and the banks.

On 07/08/2012 02:12 PM, Richard Thomas wrote:
> Hi,
> 
> I'm new to Gnucash and have been looking at the reconciliation function of
> it.
> 
> Please could someone let me know if the reconciliation process can work by
> reading in the data from my bank statement.
> 
> This makes a lot of sense to me, as the transactions in the Gnucash system
> are stored electronically and the transactions in the bank system are also
> stored electronically, so to reconcile electronically would be what I am
> looking for,
>