displaying online balance

[RD]

Thanks for the response.
I understand that I will eventually need to enter the opening balance and reconcile each account. Regardless of those actions, can/does gnucash display the online balance? When online transactions are downloaded, I am asked if the balance should be imported. So, I am assuming that the online balance is imported and stored somewhere. Can that be displayed on the register? 

    On Thursday, May 26, 2016 11:12 PM, Tommy Trussell <tommy.trussell at gmail.com> wrote:
 

 On Thu, May 26, 2016 at 6:59 PM, RD <raj_dolas at yahoo.com> wrote:

Hello,
I recently switched to gnucash, 2.6.12, from Quicken Deluxe 2013.I first tried to import the entire Quicken data set but ran into too many errors.  So, I imported all bank accounts with only 2016 data. That import worked great! I also have successfully completed the online setup and can download transaction from 3 banks now.
Here is my question:Is there a way to display the actual online balance at the bottom of each register? It currently shows an incorrect balance since the data is only for 2016.


If I understand what you're saying, it sounds like you haven't (yet) entered opening balances for each of the accounts. The first time you reconcile each of the accounts to your bank statements, you will need to include a transaction representing the opening balance of each statement. In your case, you're not looking at transactions before 2016, so you will need the opening balance as of the beginning of the year.
SO you will find your first 2016 statement for an account (presumably sometime in January for monthly statements, or maybe the end of March for quarterly statements) and start the reconcile process. To get the account to reconcile to zero, you will create a transaction in that account with the other side in Equity:Opening Balances, and I suggest you will probably want to date that transaction sometime before 2016, such as on 12/31/2015. (It would work if you dated it this year, but some of your reports might be confusing.
Then after you finish reconciling that first statement on that account, you will reconcile the next statement, and the next, and when you finish reconciling the most recent statement for that account, and have verified that you have entered all the transactions, the balance at the bottom of the register should closely agree with what your bank shows. (Excepting, of course, any transactions that have not yet cleared, such as outstanding checks.)
 
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