[GNC] How can I add statement balances to my accounts as checks?

[AEG]

The way I deal with this is not entirely automatic as it involves setting up
a scheduled transaction for every account that has a regular statement, but
it does allow me to check back for errors later.

For each of my bank or credit card accounts, the statements are normally
compiled on the same date every month so I set up a single line scheduled
transaction to trigger on that date in which the debit and credit cells are
left blank. In the Description box I enter the name of the bank and in the
Notes box I enter the words "Statement:£" so that it is ready for me to
enter the statement total when it arrives. From this, I can check its
accuracy at the time of reconciliation and deal with any discrepancies I
find.

In the future, if I notice a problem, I can look back through transactions
until I find the last time statements and balances matched, thereby
narrowing the dates to check for errors.

Alan



armanschwarz wrote
> Suppose on July 1, 2019 I get a statement that my account balance is $100.
> Since I know this is true and won't change in the future, I should be able
> to tell GnuCash that this is the expected balance, and for some kind of
> warning to appear if that condition is ever violated for the corresponding
> account in GnuCash (kind of like a unit test).
> 
> Looking at the documentation for Reconciliation, it seems like this that
> feature more targeted at individual transactions rather than setting known
> values for balances at given points in time. If I reconcile an account for
> 12 months every month, and then stop reconciling it the year after, what's
> stopping all of those historic balances from getting thrown out of whack?
> Does GnuCash remember what the balances should be and prevent this?
> 
> Also, if I accidentally enter a wrong date every 5% of the time, and I
> accidentally reconcile them incorrectly 5% of the time, then for a large
> number of transactions I'm virtually guaranteed to have my history broken,
> whereas remembering statement balances would avoid this problem.





--
Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html