Reconciling an account

[mjchurchill]

Colin, I check the stafting date and balance, then the end date, finally the end balance; the end balance chages to match the Gnucash opinion of the balance for that date.  If that does not match the statement then more work is needed. Mike




Sent from Samsung tablet

-------- Original message --------
From Colin Law <clanlaw at gmail.com> 
Date: 06/04/2017  6:08 AM  (GMT-08:00) 
To stepbystepfarm at dialup4less.com 
Cc gnucash-user at gnucash.org 
Subject Re: Reconciling an account 
 
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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