Reconciling an account

[Derek Atkins]

Hi,

On Mon, June 5, 2017 1:10 pm, EngineInstitute wrote:
> John,
>
> What baffles me is that I am balancing a credit card statement with little
> activity. It was reconciled correctly the prior month, so the starting
> balance for the following month is correct.
>
> In this case the initial reconcile box reflects a different balance, so I
> put in the new balance to reflect the statement. Usually if everything is
> in
> order that number agrees with the statement. In this case it does not (I
> thought this strange) so I corrected the number.
>
> I then took the normal steps and checked off the expenses (not many) and
> payments as well as the interest against the statement. Yet, there is no
> agreement.
>
> I double checked my work against the statement's payment amounts, purchase
> amounts and interest charged to make sure that these sums add up to what
> was
> in GnuCash. All agree yet the balance in GnuCash is off by hundreds of
> dollars. Since all of the prior months sums are balanced, my data is
> correct
> and there is no outstanding activity that might somehow affect the balance
> I
> cannot figure out what to look for and how to resolve this weird problem.
>
> Note I have been doing bookkeeping for many years so knowing how to
> reconcile a statement is not the problem. I am wondering if there is
> something that I don't understand with how GnuCash manages the data.

Just to clarify...  You verified that the opening balance in gnucash's
reconcile dialog matched the statement "opening balance" (which of course
should be the same as last month's statement ending balance)??

And you entered in the correct ending balance from the statement?

Are you sure you didn't miss a transaction?  Or enter an invalid amount? 
Or possibly check a transaction that didn't clear in this period?

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-derek
-- 
       Derek Atkins                 617-623-3745
       derek at ihtfp.com             www.ihtfp.com
       Computer and Internet Security Consultant