2.6.19: Accounts reconciled; trial balance has imbalance

[Rich Shepard]

On Tue, 13 Feb 2018, John Ralls wrote:

> The trial balance report checks that the accounting equation (Assets +
> Income - Expenses = Liabilities + Equity) holds.

> Running it on a single account makes no sense; it should be run on the
> whole book.

John,

   It's run on the whole book; in the case of the discrepancy the only other
account is the Cash asset account and that, too, is reconciled with
expenses.

> Reconciliation ensures that your local view of a single asset or liability
> account matches that of the other party on the account. Since it's a
> single-account check it's quite possible for you to have all of those
> accounts reconciled and still have your books out of balance.

   Well, haven't found an inconsistency yet but will keep looking.

Thanks,

Rich