info about action field in double-line view

[Buddha Buck]

Here's the workflow that I ideally go through.

During the month, I order something online using a credit card.

When I enter the transaction into GnuCash, the split associated with the
transaction in the credit card account is tagged "n".

The next day, I check my online banking, and I see that the credit card
company considers the transaction "pending". I leave it tagged as "n".
The next day, I check again, and now the transaction is charged against my
account, and is no longer "pending". I tag the entry in GnuCash as "c",
cleared.

At the end of the month, I receive my statement, and I run the
"reconciliation" process in GnuCash. GnuCash automatically cherry-picks
"cleared" transactions for me, and I look for any discrepancy (transactions
that haven't cleared, or transactions on the card I don't have recorded,
etc). When I am satisfied that all is well, I tell GnuCash that the
reconciliation is complete, and it marks the reconciled transactions as
"r". In the future, when you go to reconcile the next month, it won't
consider the ones already reconciled.

GnuCash also shows multiple balances for an account: a current balance, a
future balance, a reconciled balance, and a cleared balance. At any given
time, the "cleared balance" should match match what the online banking says
it should be, the "reconciled balance" matches your last statement balance.


On Mon, Jan 29, 2018 at 7:59 PM Mark Hedges <mark.hedges at weirdvibe.com>
wrote:

> Thanks all.
>
> I don't understand the difference between "cleared" and "reconciled"
> in Gnucash context.  Someone mentioned that one changes R from "n" to
> "c" when they see the charge in their bank statement or online
> banking.  How is that different in terms of information flow from
> using the reconciliation feature to do exactly the same thing?  I
> still end up having to cherry-pick individual transactions to make the
> balance work out.
>
> Regarding the Num field, I understand that this would be a check
> number if anyone paid for much with checks anymore.  For checking visa
> or ACH transactions, am I supposed to record the transaction number
> from the bank online balance sheet or statement?
>
> Thanks.
>
> Mark
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