Reconciling an account

[Colin Law]

Hi Derek

That is what I do, (change the end balance in the reconcile open
dialog) the question was directed at mjchurchill who said

> 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

By which I understood he meant that one should not change the end
balance in the reconcile dialog.

Colin


On 4 June 2017 at 17:07, Derek Atkins <derek at ihtfp.com> wrote:
> 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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