[GNC] New Balance entry

[Mahon Finbar]

Thank you very much for the comprehensive reply. I didn't think of CC, 
but that is very useful. It helps when presentation of CC records are late.

I did find that balancing amounts were in the reconcile, usually very 
small amounts, but I didn't recall setting them.

For the previous answers, thank you one and all. I normally have a hold 
of reconciling, but when looking back in my accounts I find 'opening 
balances' have changed, presumably due to finger issues when entering 
transactions later.

I ask myself, 'why look back' it is history, I've paid.....;)

Thanks again, Barry

On 26/10/2023 23:18, Jediator wrote:
> This feature is useful when doing recon of a credit card account. 
> After a successful recon run, the new balance window will popup up 
> with the balance amount preset so you can issue a credit card payment 
> from a bank account.  Certainly you can cancel the action (which 
> doesn't affect your recon results) if you don't want to enter the 
> credit card payment manually (e.g., populating transactions via csv 
> import).  If you recon a bank account and the recon balance is zero, 
> the new balance window shouldn't show up at all...
>
> -- JC
>
> On 10/25/23 5:19 PM, David H wrote:
>> David,
>>
>> He means after you click OK on the initial Reconcile popup there is a
>> further popup on which the first icon is "Add a new balancing entry 
>> to the
>> account" - this is active only if your Ending Balance is not equal to 
>> the
>> Reconciled Balance.  if you click this icon it adds a txn for the
>> difference which you then must update as one side of the txn is the 
>> account
>> being reconciled and the other is the Orphan account.
>>
>> David Carlson's explanation is correct, personally I would never use 
>> it as
>> I would always want to know why my account didn't reconcile :-)
>>
>> Cheers David H.
>>
>> On Thu, 26 Oct 2023 at 05:42, David Cousens <davidcousens49 at gmail.com>
>> wrote:
>>
>>> Finbar,
>>>
>>> Not sure what you mean by new balance entry. The reconcile dialogue 
>>> comes
>>> up
>>> requesting the following:
>>>
>>> Statement date - enter the closing date on the statement from the 
>>> bank. It
>>> will
>>> supply a closing date based on the statement date at which the last
>>> reconciliation was doneand usually adds one month.
>>>
>>> The Starting Balance is calculated and displayed - This is the total
>>> balance of
>>> all splits in the account which have already been reconciled. This 
>>> should
>>> be
>>> equal to the Opening Balance indicated on the statement from the 
>>> bank. If
>>> not it
>>> indicates that a previous reconciliation is incorrect eithr in your 
>>> books
>>> or the
>>> banks statement - rare but it can happen
>>>
>>> The Ending Balance This requires you to enter the value of the closing
>>> balance
>>> from the bank statement.
>>>
>>> Some banks add their interest payment (or interest charge for a 
>>> credit card
>>> account) at the end of the statement and it may not have been enetered
>>> into your
>>> books. If this is the case use the "Enter Interest Payment" button 
>>> to add a
>>> transaction to include the interest payment  without halting the
>>> reconciliation.
>>>
>>> Then press the "OK" button to continue.
>>>
>>> David Cousens
>>> On Wed, 2023-10-25 at 15:21 +0200, Mahon Finbar via gnucash-user wrote:
>>>> Hi,
>>>>
>>>> After my previous experiences on here, I am almost afraid to ask a new
>>>> question, but, here goes.
>>>>
>>>> When Reconciling, what exactly is the effect of introducing a "new
>>>> balance entry" as is available as the first option on the bar.
>>>>
>>>> There is nothing under the help that I could identify.
>>>>
>>>> Thanks, Finbar
>>>>
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