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

[AEG]

My reconciliations normally match those of the bank unless I've made an error
or, as you say, a transaction has not yet been presented to the bank. In the
first case, I investigate and correct the error. In the second case, I enter
the actual end-of-day balance in brackets after the statement amount. That
way, I know both the statement amount and the balance amount on the date of
the statement. That should never change unless extra transactions are
inserted with earlier dates or others are deleted.

Alan



GnuCash - User mailing list wrote
> 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@

> > 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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