[GNC] Credit card reconciliation - starting balance

[Trevor Richards]

Thanks for the suggestions but don't think they help.I've tried reconciliation stepping back to months previous to when I 1st opened these accounts.It always opens with the same starting balance... 4,448.06Ending balances are zero (not surprising... no transactions)

I do get a successful reconciliation on the corresponding bank account that is connected to the credit card

    On Tuesday, 2 July 2024 at 06:26:06 GMT+12, Tommy Trussell <tommy.trussell at gmail.com> wrote:  
 
 In addition to the comments below, you will need to make sure you entered the transactions in the correct columns. 
Make sure the account was correctly set up as a liability account (so its ending balance will decrease your overall net assets balance). When you enter credit card transactions into the account, its running balance should go up, and when you enter payments (last month's card payment in this case) its balance should go down. The debit (left) column will contain the payments to the credit card bank, and the credit (right) column will contain the individual credit card transactions. 
If it has been awhile since you have looked at the documentation, it's a good time to review the chapter on Credit Cards
https://lists.gnucash.org/docs/C/gnucash-guide/chapter_cc.html


On Mon, Jul 1, 2024 at 12:45 PM Phyllis Bruce <pobruce46 at gmail.com> wrote:

Trevor, did you enter the unreconciled transactions from the previous
month?  Those would have to be included for your first reconciliation.

Phyllis B

On Mon, Jul 1, 2024 at 12:24 PM Adrien Monteleone <
adrien.monteleone at lusfiber.net> wrote:

> Have you ever reconciled this account? If not, the starting balance
> should have been zero.
>
> Regards,
> Adrien
>
> On 7/1/24 4:34 AM, Trevor Richards via gnucash-user wrote:
> > I am failing to reconcile a CC account. The ledger appears to replicate
> my statement in the 1st month of transactions. The 1st transaction I
> entered was the starting balance from the previous month's CC stmt (105.00)
> and all transactions appear correct in the months that follow. When I try
> to reconcile this CC account, it tells me my starting balance is 4,448.06.
> Where did that come from?
> >
> > I've searched my GNUcash file and that number does not come up.
> > Trevor (stumped)
>
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