[GNC] n and c?

[Adrien Monteleone]

You’re welcome.

When reading the Guide, for starters, get all the way through Chapter 7. (since you are tracking credit cards) You can read the rest as needed.

For the Help manual, get through Chapter 6.

I don’t recommend skipping around, at least not the first time through each one.

Also, don’t sweat the learning curve. It took me about 2 or more weeks to get a good grasp on things. Entering transactions each and every day as they occur, will help tremendously. (trying to do them in large batches once a week or less frequently will make learning more difficult and disjointed) It’s also a good habit to not get in the weeds with a pile of receipts and bills to enter.

As most people, I had this or that odd transaction or activity that I didn’t resolve how to enter properly for a few months and that wasn’t described straightforward in the documentation. (not a big deal, you can always change things later) I also edited and re-arranged my account tree several times as I began tracking expenses and assets. One important tidbit I learned from that is try to record as much info into each transaction as possible. Use the memos for each split line where possible. While it may seem like a lot of work now, try to avoid combining items on a receipt into a single split line. (I even record sales tax on its own line assigned to its own account - much easier than trying to pro-rate it across multiple expense accounts from the same receipt) If you later want to divide them up, and you don’t have enough info to do so, you might hamper your refinement of your account tree down the road. This also serves as a mini-check of the receipt’s math, and yes, I’ve caught a few errors over the years. (not that I could do anything about it usually after I left the store) GnuCash will auto-fill recurring transactions as you enter them. So after a few months, you will do little original typing.

Best of luck & welcome to GnuCash!

Regards,
Adrien



> On Apr 11, 2019, at 1:38 AM, ToddAndMargo via gnucash-user <gnucash-user at gnucash.org> wrote:
> 
>>> 
>>> On Apr 11, 2019, at 1:15 AM, ToddAndMargo via gnucash-user <gnucash-user at gnucash.org> wrote:
>>> 
>>>>> On Apr 11, 2019, at 12:01 AM, ToddAndMargo via gnucash-user <gnucash-user at gnucash.org> wrote:
>>>>> 
>>>>> Hi All,
>>>>> 
>>>>> On a credit card account, in the "R" column, what is "blank", "n", and "c" stand for?
>>>>> 
>>>>> And does "R" stand for "reconcile"?
>>>>> 
>>>>> Many thanks,
>>>>> -T
>>> 
> 
>>> On 4/10/19 11:06 PM, Adrien Monteleone wrote:
>>>> Yes,
>>>> The ‘R’ column is a reconcile flag.
>>>> You can click between ’n’ - "not reconciled", and ‘c’ - “cleared".
>>>> When you reconcile against your statement, the ‘c’ items will be pre-checked for you. When you finalize the reconciliation, all checked items will change their flag to ‘y’ - “yes, reconciled”.
>>>> Note, all accounts have this column.
>>>> Regards,
>>>> Adrien
>>> 
> 
>>> Hi Adrian,
>>> 
>>> I will be reconciling by hand from my bank's statements.
>>> When I find an entry, do I manually change it to "c"?
>>> 
>>> Many thanks,
>>> -T
> 
> On 4/10/19 11:25 PM, Adrien Monteleone wrote:> The ‘c’ flag is usually set when you are confirming the charge/payment is in fact real. Some people download transactions instead of entering them by hand, or they periodically check their account online to see if something went through. This is where you’d mark it ‘cleared’.
> >
> > It is not reconciled until it shows a ‘y’ and the only way to achieve that is to use the Reconcile process in GnuCash. (there’s a button on the toolbar for it)
> >
> > You specify your closing date and closing balance from your statement.
> >
> > You’ll get a window showing all payments and charges.
> >
> > You check off each one that matches as you find them on your statement.
> >
> > You then finalize the reconciliation. (which should show zero variance to the closing balance)
> >
> > The first time might take a few minutes, but subsequent reconciliations will be a breeze.
> >
> > Regards,
> > Adrien
> 
> Hi Adrian,
> 
> "Breeze"?  Oh no doubt after I get past the learning curve,
> which is about to drive me insane!
> 
> Thank you for all the help.  I am writing down every thing
> you tell me in my GnuCash how to notes
> 
> -T