Reconciling an account

[Colin Law]

Michael, Do you mean you do not start by setting the ending balance in
the reconcile opening dialog to that from the statement that you are
reconciling against?

Colin

On 4 June 2017 at 12:29, Mike or Penny Novack
<stepbystepfarm at dialup4less.com> wrote:
> On 6/3/2017 6:51 PM, EngineInstitute wrote:
>>
>> I am having problems reconciling an account. The starting balance agrees
>> with
>> the statement but ending balance does not. OK so I changed the ending
>> balance to the correct one in the initial dialog box. I then went on to
>> the
>> next task of checking all of the debts and credits. I did that and
>> compared
>> the sum of the total debt and credit amounts against the statement so far
>> ok. BUT the ending balance still does not agree even there are no
>> additional
>> debts logs and one outstanding credit and I cannot close the account for
>> that period. What am I missing?
>>
>> Thanks.
>
>  What kind of account are we talking about? Since you mention reconciling
> against a statement is this a checking account?
>
> If so, have you ever reconciled a checkbook against bank statement in the
> old fashioned days, statement against your check register? If not, you
> likely have no clue what to look for. You do not start by "changing an
> amount"! Using GnuCash:
>
> 1) Confirm that there is nothing in either Imbalance or Orphan. If there is,
> correct that problem first.
> 2) Look at the statement from the bank. Are there any transactions there
> that have not been entered in GnuCash? << assuming that you can recognize
> these as valid transactions -- otherwise contact your bank to find out what
> these were.>>
> 3) Are any checks still outstanding (you wrote them, entered them in
> GnuCash, but not (yet) returned against your account at the bank. THAT is
> why I referred to "old fashioned days" reconciling because you STILL have to
> do this to get the same balance amounts.  You EXPECT a difference in the
> balances (you vs bank) for the sum of all uncleared checks.
>
> Michael D Novack
>
>
>
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