Reconciling an account

[Adrien Monteleone]

Have you checked against the possibility that GC isn’t the location of the error?

If all the transactions on your statement match GC and you’ve checked off only those transactions in the reconciliation window, and the starting balances line up, then if the statement ending balance and GC don’t agree, try manually adding up the statement figures. It is not impossible for the bank statement to not add up correctly. I’ve seen this on invoices many times. It is usually a result of human editing and not proofing, or not properly refreshing a report. While this is certainly less likely from an auto-generated bank statement, I wouldn’t dismiss it entirely.

Computers are great, but I’ve caught many (human) errors walking through the math the old fashioned way. (at least with a calculator, not pen and paper)

> On Jun 5, 2017, at 12:10 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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