Reconciling an account

[Colin Law]

So what do you do if you have entered a cheque before the statement
date, but it had not been cleared when the bank printed the statement?

Colin

On 4 June 2017 at 14:53, mjchurchill <mjchurchil at aol.com> wrote:
> 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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