Reconciling an account

[David Carlson]

I often have duplicate entries appear in transfer accounts when I import
transactions resulting from imperfect matching during the import process.

While these are usually easy to find and fix, sometimes I make an error and
"fix" the wrong transaction or split.

If a previously reconciled transaction is deleted, that is one of several
ways the "starting" balance can change from the previous month end balance.


It is usually ok to just ignore the starting balance and see what falls out
when every transaction on the statement is matched to a Gnucash transaction.

David C

On Jun 5, 2017 12:26 PM, "EngineInstitute" <info at chinablueart.com> 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.
>
>
>
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