Reconcilliation

Charles Hillon charleshillon at comcast.net
Thu Feb 5 14:33:28 EST 2015


That’s the only way offered to complete the reconciliation. Then, I put in an opposite entry to correct the balance, hoping that next month’s reconciliation would be free of this problem. If this doesn’t work I’ll try something else.

> On Feb 5, 2015, at 2:20 PM, Derek Atkins <derek at ihtfp.com> wrote:
> 
> Hi,
> 
> Looking at the code GnuCash *can* create that kind of transaction.
> I've never seen it happen myself in over 15 years, so I'm trying to track
> the code to see *when* it happens.
> 
> ... and the survey says...
> 
> Looks like it is created if you click on the "Balance" button on the
> reconcile window.
> 
> In most cases one would never want to use this feature.  Charles, why did
> you click on the "Balance" button?
> 
> Thanks,
> 
> -derek
> 
> On Thu, February 5, 2015 1:56 pm, David T. wrote:
>> Charles,
>> I respect that you don't want more replies from me, which is why I am only
>> replying to the list on this message.
>> To the list:
>> Charles says that GnuCash creates balancing transactions during the
>> reconciliation process, and I want to double check with others, as I have
>> never had that happen. I want to be sure that if I am mistaken, future
>> readers of the thread will get the right information on this.
>> Thanks,David
>> 
>>      From: Charles Hillon <charleshillon at comcast.net>
>> To: David T. <sunfish62 at yahoo.com>
>> Cc: Gnucash-user Mailinglist <gnucash-user at gnucash.org>
>> Sent: Thursday, February 5, 2015 8:43 AM
>> Subject: Re: Reconcilliation
>> 
>> David,
>> It most certainly does. Thanks for your help. No further reply needed.
>> 
>> 
>> 
>> On Feb 4, 2015, at 9:16 PM, David T. <sunfish62 at yahoo.com> wrote:
>> Charles,
>> 
>> I am pretty sure that GnuCash *doesn't* insert any transactions when you
>> choose to reconcile, except for the interest dialog that pops up for some
>> account types.
>> "Balancing entry from reconciliation" sounds to me like something that you
>> might have put in at an earlier point? What happens if you delete that
>> transaction from the books and start the reconcile again?
>> David
>> 
>>      From: Charles Hillon <charleshillon at comcast.net>
>> To: David T. <sunfish62 at yahoo.com>
>> Cc: Gnucash-user Mailinglist <gnucash-user at gnucash.org>
>> Sent: Wednesday, February 4, 2015 4:20 PM
>> Subject: Re: Reconcilliation
>> 
>> Before the reconciliation can be completed the GnuCash software inserts
>> into the account a “Balancing entry from reconciliation”, which makes the
>> balance in the account incorrect. If you don’t do this the reconciliation
>> is voided. After completing the reconciliation I made an entry into the
>> account to reverse the  “Balancing entry from reconciliation”. Maybe that
>> will help when I reconcile next month.
>> 
>> 
>> 
>> On Feb 4, 2015, at 6:22 PM, David T. <sunfish62 at yahoo.com> wrote:
>> Well, it 's not my software, although I did write the documentation part
>> about the differing opening balances, from comments made on the mailing
>> lists a few years back. 
>> Are you saying that after selecting the transactions for reconciliation,
>> your closing balances are still off?
>> 
>> The upshot of the documentation is to point out that the Opening balance
>> is not critical--what matters is the Closing balance. If the closing
>> balance in GnuCash agrees with your statement closing balance, then there
>> is nothing to be concerned about. [Indeed, GnuCash's reconcile feature
>> will not allow you to finish reconciliation until these numbers match.]
>> The special notes in the reference guide page are meant to clarify that. 
>> As for viewing prior reconciliations, I know that some have expressed
>> similar requests in the past. Typically, this takes the form of a request
>> for a reconciliation report, for which workarounds have been suggested.
>> Those workarounds won't help in your situation, unfortunately.
>> David..P.S., please also use Reply All. That way, others can step in and
>> help when my meager attempts fall short.
>>      From: Charles Hillon <charleshillon at comcast.net>
>> To: David T. <sunfish62 at yahoo.com>
>> Sent: Wednesday, February 4, 2015 2:42 PM
>> Subject: Re: Reconcilliation
>> 
>> Thanks. I’ve already read all that. Wish your software showed prior
>> reconciliations. iBank’s software does that.
>> 
>> 
>> 
>> On Feb 4, 2015, at 4:41 PM, David T. <sunfish62 at yahoo.com> wrote:
>> Charles,
>> 
>> Try looking at
>> http://gnucash.org/docs/v2.6/C/gnucash-guide/txns-reconcile1.html
>> Cheers,David
>> 
>>      From: Colin Law <clanlaw at gmail.com>
>> To: Charles Hillon <charleshillon at comcast.net>;
>> "gnucash-user at gnucash.org" <gnucash-user at gnucash.org>
>> Sent: Wednesday, February 4, 2015 12:45 PM
>> Subject: Re: Reconcilliation
>> 
>> On 4 February 2015 at 20:17, Charles Hillon <charleshillon at comcast.net>
>> wrote:
>>> I’ve only been using GnuCash for a couple of months & on this one
>>> account it’s happened on each reconciliation. The account balance is
>>> correct & agrees with my Quicken & iBank software, both of which are
>>> reconciling correctly. I’ll try to finesse it to reconcile & still show
>>> the correct balance. I wish GnuCash had a column for notes. Charles
>> 
>> Don't forget to use Reply All or Reply List when replying to emails
>> otherwise the post just goes to the last sender.  This list is a bit
>> unusual in that respect.  I am forwarding it.
>> 
>> Is this the first time you have reconciled it?  If so then perhaps you
>> may just need to insert an initial balance at the start.  If not then
>> the starting balance now should be the same as the ending balance the
>> last time you reconciled it.
>> 
>> Colin
>> 
>>> 
>>>> On Feb 4, 2015, at 2:51 PM, Colin Law <clanlaw at gmail.com> wrote:
>>>> 
>>>> On 4 February 2015 at 19:23, Charles T Hillon
>>>> <charleshillon at comcast.net> wrote:
>>>>> How do I change an erroneous starting balance in a reconciliation?
>>>> 
>>>> If the account has previously been reconciled then this means that a
>>>> previous reconciled transaction has been deleted or edited (or
>>>> possibly that a transaction has been manually reconciled or
>>>> de-reconciled, not sure about that).  Ideally you should identify the
>>>> error and correct it.  Possibly by going to a recent backup and
>>>> working forwards from there.
>>>> 
>>>> You can look through the log files looking for the error also.
>>>> 
>>>> Colin
>>> 
>> 
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> 
> 
> -- 
>       Derek Atkins                 617-623-3745
>       derek at ihtfp.com             www.ihtfp.com
>       Computer and Internet Security Consultant
> 




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