What is the practical purpose of reconciling in GNUCash?

[Mike or Penny Novack]

On 12/12/2016 5:52 PM, Maf. King wrote:
> On Monday, 12 December 2016 15:11:18 GMT Robert Heller wrote:

> Or in my case, cheques which the bank cleared twice.  Which was nice of them.
>
Or cleared for an amount different than the amount written on the check. 
Had that happen more than once. The first time it took months* to get 
straightened out so I had to carry a "bank error" account on the books 
till resolved. The second time, multiple banks were involved, never 
going to be straightened out with the error being between the banks and 
too small an amount for them to bother with << I will not discuss how 
dealt with in the books >>

Look, before any computerized system, reconciling the checkbook register 
was something we did on paper each month, right? Folks should be 
familiar with that process.

Michael D Novack

* a small error in favor of the organization. Since the bank had never 
before had this where a non-profit was involved, the branch wanted a 
bank wide policy decisions << should small errors in favor of a 
non-profit simply be donated to it instead of correcting the balance? << 
THAT had to wait till it got on a board of directors meeting >>