Starting a new year

[Derek Atkins]

Ruth Morley <morley.ruth at gmail.com> writes:

> I have started a new file for gnucash to reflect the New Year..I took my
> opening balance on my checking accouunt as the amount in the account on
> January 1. Now of course I have a bank statement that reflects Dec 15
> through Jan 14. How do I do my first reconcile..everything is correct I
> just don't know how to do the reconcile.

Ignore the starting balance; ensure the ending balance is correct.  And
your 'starting balance' transaction *MUST* include *only* your
reconciled Dec / previous transactions.  If there is anything from Dec
31 or earlier that's not reconciled then you need to re-add that
transaction and remove it from the starting balance.

Then reconcile as normal.  Everything in Dec is your opening balance;
everything in January is a normal transaction.

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-derek

PS: This is one reason why many people don't start new files.  There's
no need to do so, and it causes issues like this.

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available