Fixing opening balance for an incorrectly reconciled account

[Dave H]

Personally I would have have fixed up the incorrect already reconciled
transaction and then re-run the reconciliation.  Although I'm at a loss to
understand how you already managed to reconcile the account if you had an
incorrect transaction in the mix :-)  If you re-reconciled after you fixed
up the transaction and the closing balance was correct you wouldn't have an
issue and wouldn't be adding transactions to try and get your next starting
balance correct.

Cheers Dave H.



On 16 May 2017 at 07:08, Andrew Gross <aegross at gmail.com> wrote:

> David,
>
> At some point I fiddled with a previously reconciled transaction (I know,
> bad move) and the starting balance became incorrect.  In order to finish
> the reconciliation I had to add a transaction; I could then use the finish
> button.  After the reconciliation though, the balance was of course off.
> So I added a reversing transaction to return the account to the correct
> balance. But with the next reconciliation cycle, I believe the starting
> balance will be off and will need to repeat this
> add-a-transaction/reverse-a-transaction hack ad infinitum.
>
> Andrew Gross
> 917 750 6981
>
> On Mon, May 15, 2017 at 6:03 AM, David T. <sunfish62 at yahoo.com> wrote:
>
> > Andrew,
> >
> > I reread your messages. You say you "fixed" a reconciled transaction, and
> > now, you have to enter an extra transaction which you reversed afterward.
> > Do I have that right?
> >
> > OK, if you"fixed" a reconciled transaction, then presumably now, it is
> > correct. First question: how did you get the account to reconcile before?
> > If your transaction was wrong,  then it shouldn't have balanced.
> >
> > Next question: now that you fixed the wrong transaction, why do you need
> > any dummy transactions at all? Again, the reconciliation should then work
> > (once you take note of the note in 4.4.1 and ignore the starting
> balance).
> >
> > Despite what others are saying about creating fixing transactions, I
> think
> > you haven't demonstrated to me that you need any such transactions.
> >
> > David
> >
> >
> >
> > On Mon, May 15, 2017 at 7:21, Andrew Gross
> > <aegross at gmail.com> wrote:
> > David,
> >
> > I used the wrong terminology -- I should have said "starting balance".  I
> > am looking at 4.4.1 of the documentation (https://www.gnucash.org/docs/
> > v2.6/C/gnucash-guide/txns-reconcile1.html) and I did create a dummy
> > transaction and then reversed it after the reconciliation.  Do you
> believe
> > this is just a one-time fix?  I would doubt that since it wouldn't change
> > the underlying starting balance.  I think I am misunderstanding something
> > here...
> >
> > Thanks
> > AEG
> >
> > Andrew Gross
> > 917 750 6981 <(917)%20750-6981>
> >
> > On Sun, May 14, 2017 at 9:51 PM, David T. <sunfish62 at yahoo.com> wrote:
> >
> > Andrew,
> >
> > What do you mean, you can't fix the opening balance? If you are talking
> > about your "Opening Balance" transaction, that is just another
> transaction,
> > and of course you can edit that. (The recent discussion about reversing
> > transactions was about a technicality for business books, and not
> necessary
> > for personal books)
> >
> > If you are talking about the "Starting Balance" when you reconcile each
> > month, take a look in the Guide at 4.4.1, and read the note there about
> how
> > to handle that.
> >
> > Either way, it's a one time fix.
> >
> > David
> >
> >
> > On Mon, May 15, 2017 at 6:20, Andrew Gross
> > <aegross at gmail.com> wrote:
> > Greetings -- have looked at a couple of old threads on reconciliation
> > issues that come close to this question, but not quite. In two of my
> > accounts (one asset; one liability) I committed a transgression; I
> > attempted to fix a reconciled transaction.  Since then, I have to put in
> a
> > "fix" to balance each account.  I add a bogus transaction; reconcile; and
> > then reverse the transaction.  Essentially, I need to be able to reset
> the
> > opening balance in order to fix this.  I know changing the opening
> balance
> > is not an option; is there an alternative so I can stop using the "bogus
> > transaction" method?
> >
> > Thanks everyone,
> >
> >
> > Andrew Gross
> > ______________________________ _________________
> > gnucash-user mailing list
> > gnucash-user at gnucash.org
> > https://lists.gnucash.org/ mailman/listinfo/gnucash-user
> > <https://lists.gnucash.org/mailman/listinfo/gnucash-user>
> > -----
> > Please remember to CC this list on all your replies.
> > You can do this by using Reply-To-List or Reply-All.
> >
> >
> >
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
>