[GNC] Starting balance of new account is not $0
Phyllis Bruce
pobruce46 at gmail.com
Wed Apr 26 10:09:27 EDT 2023
Derek, when you *first came into Gnucash* did you enter current balances as
equity? Any balance on a credit card would be negative to equity. Your
cash accounts would be positive. It's not too late to do that. Enter the
beginning balance on the statement you are trying to reconcile as equity
for that account. Use help to get to the tutorials and best practices.
On Wed, Apr 26, 2023 at 8:21 AM Derek Atkins <derek at ihtfp.com> wrote:
> Hi,
>
> On Wed, April 26, 2023 9:09 am, Rich James wrote:
> > I'm trying to resolve some reconciliation issues and decided to go back
> to
> > my first statement from last year when I opened the account to establish
> > that everything is balanced. However, when I start to reconcile and put
> > in
> > the statement date and ending balance, the reconciliation window shows a
> > Starting Balance of several hundred dollars instead of $0. This gives me
> > an incorrect difference that I can't properly clear.
> >
> > Is there a known issue where this can occur? Or can anyone suggest a way
> > to resolve this? I'm seeing similar behavior with another account as
> > well.
>
> You cannot go "back in time" to reconcile. When you reconcile an account
> at date X, you are reconciling from "the beginning of time" to date X.
> You cannot then go back to a date earlier than X to (re)reconcile.
>
> Hope this helps,
>
> >
> > Thanks,
> > Rich
>
> > 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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