Should I reconcile 3 years worth of transactions!?

RhysGoodwin rhys.goodwin at gmail.com
Fri Feb 27 19:13:55 EST 2015


Hi, first time poster here.

I've been using GnuCash for about 3 years. I don't ever really enter
anything manually into it. I just import my bank statements via OFX,
(transactional account, mortgage, credit card etc). I then assign
income/expenses to various accounts so I can track where my money is going.
I do this about once a month. 

I've never really used the reconciliation feature as everything in GnuCash
is direct from the bank. I'm about to start being a self employed contractor
and want to make sure I'm doing things right as I will probably need an
accountant to look over my books at the end of the year. 

Even as a contractor the transactions into GnuCash will come from my bank
statements, not manually. (I'll only be issuing 1 invoice a month).

Should I be reconciling transactions or doesn't it matter? Should I go back
and reconcile everything for the last 3 years?

Cheers,
Rhys




--
View this message in context: http://gnucash.1415818.n4.nabble.com/Should-I-reconcile-3-years-worth-of-transactions-tp4676552.html
Sent from the GnuCash - User mailing list archive at Nabble.com.


More information about the gnucash-user mailing list