[GNC] undo needed, was Re: Reconciliation is not adding up correctly

[David Cousens]

Elmar,

Perhaps a strategy to try when you find a transaction in an account you are
reconciling which does not belong in that account is to change the split to
the account you are reconciling to the Imbalance account rather than
deleting the transaction. This allows you to complete the reconciliation and
the presence of the transaction to the Imbalance account flags that it needs
some examination to determine which account the split should have been
assigned to. If you then find that it is a duplicate or mistake it can then
be deleted. I retain any transactions like this in the Imbalance until my
bank accounts, credit card and paypal account have all been reconciled for
the same period then only delete them when I am sure it is an error.

An undo facility is more than likely a no-no from an accounting perspective.
If an accountant finds a mistake usually he will apply an adjusting
transaction duly annotated to correct the mistake, particularly where the
mistake might be in a previous period as this provides an audit trail and
auditors won't like transactions which have been changed without good reason
if they detect them. This isn't important for personal finances obviously.

David Cousens



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David Cousens
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