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

[David T.]

This is interesting. Let's say that at a later point, a transaction were added prior to one of these entries. How will this transaction help in a way that looking at the statements wouldn't?
You see, one of the basic truisms of reconciliation is that your balance as of a given date will differ from the bank's.  That's because you have entered transactions that the bank won't know about. So, the account's balance on the date of reconciliation *when correct* will not match the bank's.  If at some later point, these change relative to one another, how are you going to know?

 
 
  On Sun, Oct 13, 2019 at 13:47, AEG via gnucash-user<gnucash-user at gnucash.org> wrote:   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.





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