Reconciling an account

Derek Atkins derek at ihtfp.com
Sun Jun 4 12:07:21 EDT 2017


Easy.  Don't mark it reconciled.
Also make sure you enter in the correct statement ending balance.
-derek
-- 
Sent from my Android device with K-9 Mail. Please excuse my brevity or typos.

On June 4, 2017 11:07:01 AM EDT, Colin Law <clanlaw at gmail.com> wrote:
>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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