bank reconciliation & split transaction

[Carl Hofinga]

1. I have tried bank reconciliation only once. I do not believe it functions correctly as I would expect it should. Normally, when a bank reconciliation is done, a report can be printed which will show beginning balance, deposits in transit, & un-cleared checks. Then a final balance that agrees with the general ledger. Instead, when finished clearing transactions for the bank statement period, any difference is placed in some type of imbalance account, which then appears in the general ledger. That is NOT correct. You are in balance with ending GL balance because of in transit deposits and checks.

2. Split – transaction. I believe the way this is programmed is very awkward. When there is already a split transaction (credit card charge for example) for a specific vendor already on record and I now want to enter a new single transaction for the same vendor, that when selecting this same vendor, I get a split transaction line. This then must be deleted in order to enter the single transaction. Not every transaction for the same vendor is a split transaction. More likely it is infrequent. My opinion is that it would be best to display a single line entry each time an existing vendor is selected even though it has had a split transaction previously. Then when a  split transaction for that vendor occurs, “split-transaction” is selected and displays only for that transaction.

3. My next challenge with GNUCASH is formatting a balance sheet & income statement  report with smaller type and printed lines closer together.   

4. Will GNUCASH someday have a comparative financial report showing 2 different periods -  months or years?