[GNC] Reconcile Opening Balance

[Ove Grunnér]

Here is how I deal with this.

When I Download a statement from a bank I  convert it to a standard format
to make importing to gnucash easier, as all banks have different formats.
When I do this conversion I also add a new transaction for each day when
the statement has an end of day balance.
Description: Balance on 01/01/2021, €1,234.56
Date: 01/01/2021
Withdrawal: 0
Transfer account: Information Balance

That way it is very easy to spot where there is a mistake.

If you can't automate this you can easily create a manual transaction each
month or week when you reconcile your account.

Kind regards Ove

On Mon, 3 May 2021, 15:54 Derek Atkins, <derek at ihtfp.com> wrote:

> Hi,
>
> On Mon, May 3, 2021 9:40 am, Mahon Finbar wrote:
> > Hi,
> >
> > I am sure this has come up before....but.....
> >
> > Reconciling an account - I have a starting balance of €x,xxx.xx and an
> > ending balance from the date of the latest bank statement of €x,xxx.xx.
> >
> > So far so good. I have checked the entries in the a/c and all are either
> > R or c. I have also checked there are no non-cleared that I don't know
> > about.
> >
> > However, I have a surplus when 'reconciled' and I cannot find out
> why....😅
> >
> > Is there anywhere I can find where the starting balance number comes
> > from? Is that 'wrong' giving a surplus or am I missing transaction(s)
> > somewhere?
>
> Within GnuCash it is computed (the sum on all reconciled data).
> It *should* match the ending balance from your previous statement.  You
> can go check that.  If it does NOT match, then you might have
> inadvertantly un-reconciled a previous transaction, or possibly moved it
> or accidentally changed it.
>
> If the balance DOES match, then go through each transaction carefully --
> most likely there is a typo in there, a missing transaction, or an extra
> transaction.  (I had this issue recently where I mis-typed something, and
> strangely the difference exactly equalled another transaction..  It took
> me about 3 passes before I finally found the issue).
>
> > Barry
>
> > Please remember to CC this list on all your replies.
> > You can do this by using Reply-To-List or Reply-All.
>
> -derek
>
> --
>        Derek Atkins                 617-623-3745
>        derek at ihtfp.com             www.ihtfp.com
>        Computer and Internet Security Consultant
>
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