Reconciling an account

[Colin Law]

Have you possibly entered a transaction the wrong way round (debit
instead of credit or vise versa)? Then not noticed this when you tick
it off?

A suggestion earlier may be a good one if you still cannot find where
you are going wrong. Draw lines on your statement after every, say, 4
entries. Then reconcile from the start to the first line by entering
the balance from the statement at that time. If the first one
reconciles ok then do the next, and so on till you find the error.

Note that others suggesting that this may be due to changed earlier
transactions and so on are wrong. If the starting balance on the
statement agrees with the starting balance in the reconcile window
then the error is to do with the transactions on the statement,
nothing else.

Colin

On 5 June 2017 at 18:10, 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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