Bank reconciliation

[D]

The importer cannot manage multiple split transactions, so it does the only thing it can--it puts the entry to imbalance. Once there,the imbalance split is just another split to Gnucash, so subsequent adjustments have to address the imbalance split. To add correct info to such a transaction, I put in the corrected splits , which creates a new imbalance split, and then I clear the imbalance split in the transaction.

I always preferred to correct the imported transaction in this way, rather than create phantom accounts. The imbalance transactions helped to remind me to check things after an import. "Trust but verify," as some people say!

David

On November 13, 2017, at 11:15 PM, Cam Ellison <cam at ellisonet.ca> wrote:

On 13/11/17 09:45 AM, David Goodenough wrote:
> Does no-one else have this problem?
>
> When we try to split the transaction in the imbalance account to allocate the payment to
> invoices we notice that it almost lets us add one split, but it does not automatically
> decrement the amount allocated to the imbalance account and so try to end up with an
> unbalanced split.  It will also only allow us to allocate one payment (after we have made
> the split balance), there is still an amount in the imbalance account which we can not
> allocate to another payment.
>
>
I have dealt with this by setting up a separate Asset account for 
receiving payments, similar to what you have. When a payment is 
received, it goes into this "Payment" account, and then when the bank 
deposit is made the appropriate amount is debited from the Payment 
account. This process adds a step between receipt of the cheque (thus 
acknowledging the invoice as paid) and depositing it. In effect, it is a 
buffer. It works whether the invoice is paid in full or only in part. No 
need to do any splits, which is where things seem to go south for you.

Cheers

Cam

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