Should I reconcile 3 years worth of transactions!?

[Peter von Kaehne]

Reconciling means that you show that your manual entres are identical to your bank statements, so it probably does not apply to your situation.

Regards
Peter

On 28 Feb 2015 00:13, RhysGoodwin <rhys.goodwin at gmail.com> wrote:
>
> 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 
>
>
>
>
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