[GNC] Bank Balance Higher Than Actual

[Paul Roberts]

Since the invoice amount shows up in Accounts Receivable I will need to
investigate more closely to discover why the statement balance is so much
higher than the actual bank balances. One reason would be that someone is
stealing our money, but I find that quite hard to believe. The other
explanation is that I am not posting all our expenses. I guess I will keep
on searching for the answer.

Another way to take care of this is to reconcile the balances each month
and not just each year or so.

Thanks for your response.

On Tue, Feb 20, 2024 at 4:11 PM Murugan Muruganandam <
m.muruganandam at hotmail.com> wrote:

> hi Paul
>
> one way of checking is running reconciliation on the bank account and
> check your bank statement.
>
> also, when you create invoice it will be affecting only the receivables,
> on payment it will update the balances in your bank account
>
>
>
> Saludos Cordiales
>
>
> Murugan
> ------------------------------
> *From:* gnucash-user <gnucash-user-bounces+m.muruganandam=
> hotmail.com at gnucash.org> on behalf of Paul Roberts <paul at roatanschools.org
> >
> *Sent:* Monday, February 19, 2024 1:02 PM
> *To:* gnucash-user at gnucash.org <gnucash-user at gnucash.org>
> *Subject:* [GNC] Bank Balance Higher Than Actual
>
> The bank balance in gnucash is much higher than the actual balance. Is
> there some way that I can find out why? When an invoice is created does
> that amount add to the bank balance?
>
> --
>
> Paul L Roberts, Ph.D.
>
> Head of School
>
> Bay Islands International School
>
> East Sandy Bay Beach Road, Sandy Bay
>
> Roatan, Islas de la Bahia, Honduras
>
> +504 9817-0344
>
> +504 9335-5272
>
> www.roatanschools.org
>
> Education That Will Take You Anywhere
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-- 

Paul L Roberts, Ph.D.

Head of School

Bay Islands International School

East Sandy Bay Beach Road, Sandy Bay

Roatan, Islas de la Bahia, Honduras

+504 9817-0344

+504 9335-5272

www.roatanschools.org

Education That Will Take You Anywhere