[GNC] Reconcile Opening Balance
Mahon Finbar
mahon.finbar at neuf.fr
Tue May 4 03:48:13 EDT 2021
Yes, the two suggestions are the way, I expect. I was just hoping to
avoid the formatting stuff, and the drudgery of checking. I enter the
various bank entries directly in the a/c where they 'belong' as I expect
most, non accountant trained, people do, especially if you came to Gnu
from Quicken....😁
Matching from previous balance is bit of a problem when you only do the
reconciles when the tax man calls....., to avoid answering awkward
questions 😁
Most times the difference is in pennies, so I don't worry, [probably
finger problems].
Thanks for the help. BTW, what import format works best in your opinion?
(I still need to find the lacuna....🙁)
Barry
On 04/05/2021 08:48, Ove Grunnér wrote:
> 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
> <mailto: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 <mailto:derek at ihtfp.com> www.ihtfp.com
> <http://www.ihtfp.com>
> Computer and Internet Security Consultant
>
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