[GNC] What accounts should I reconcile?

[David Cousens]

Dave

Reconiliation requires an independent statement of the account (e.g. from the
bank's perspective) against which to reconcile the account. You generally don't
have that with an expense account. I have had to investigate discrepancies
between  what I thought I owed a vendor and what they claimed I owed them which
involved them supplying a statement of account detailing all purchases from and
all payments I had made from them for a specific period against which I coud
perform a partial reconciliation This wa s before the business customer /vendor
reports existed

David Cousens
On Tue, 2022-12-20 at 01:21 +0000, Dr. David Kirkby wrote:
> For simplicity assume that I havé the following two accounts, all in GBP.
> 
> Assets -> Bank
> Assets > PayPal
> 
> I can reconcile those, and I find the process useful.
> 
> However, I noticed that it is possible to reconcile most, if not all other
> accounts. Is there any point in reconciling the other accounts, such as
> 
> Expenses > Office supplies?
> 
> 
> Dave