[GNC] Credit card reconciliation shows wrong total

[Paul Kroitor]

I have lived in two countries (Netherlands and Canada) who converted to 
a penniless cash system and in both cases it worked as you describe: any 
cash transaction was rounded to the nearest five cents but all digital 
transactions remained as they always were.

It's much less of an actual event than most people fear beforehand, and 
in a couple of months everyone's forgotten it.

There was a university professor who did a whole project on tracking his 
gain/loss on rounded transactions to determine if the scaremongers were 
right. He tracked several hundred cash transactions over a year or so 
and ultimately wound up being like about $0.07 up over the whole year.

But that doesn't seem to what's happening in the OP's case, as in both 
Canada and Netherlands a $9.98 item remains as $9.98 on one's credit 
card statement (and/or any other digital statement, for that matter).

Paul


On 2025-06-23 4:35 p.m., Boniforti Flavio wrote:
> Well - I might understand when it comes to paying for something with cash.
> But let's be honest: nowadays in the digital world, a bank can have a
> transaction for 9,98 and it won't be rounded up. So to my eyes this is
> simply another way of f**ing with your customers... I mean: I'm not going
> to pay my credit card bills with cash! So there's no issue if they send me
> a non-rounded-up bill for it!
> Again: I'll leave this bank in 3 years time (still bound with mortgage).
> F.
>
> https://www.instagram.com/boniforti_music
> https://soundcloud.com/boniforti_music
> https://bonny-j.bandcamp.com
>
>
> Am Mo., 23. Juni 2025 um 22:24 Uhr schrieb R Losey <rlosey at gmail.com>:
>
>> Wow. I've never run across this... when my credit card account doesn't
>> reconcile, it has nearly always because I mis-entered a charge. I've never
>> had charges rounded up.
>>
>> Having said that, I had heard news stories that in the USA, they are going
>> to stop making pennies, so I assume that prices for cash amounts will begin
>> to round (or round up) to the nearest 5 cents.
>>
>>
>> On Mon, Jun 23, 2025 at 12:21 PM Boniforti Flavio <boniforti.f at gmail.com>
>> wrote:
>>
>>> Yes, now I'm sure as the bank replied to me that it is the "roundup rule"
>>> being applied: between 0.10 and 0.12 it gets rounded back to 0.10 - the
>>> rest is rounded up to 0.15.
>>> This is crap, as the bank has no issues in paying something like 12.98 for
>>> something I bought with my credit card - without rounding it up! But when
>>> the invoice is emitted, the total is rounded up?! I still have to live 3
>>> years with this bank, then I'll change...
>>>
>>> F.
>>>
>>> https://www.instagram.com/boniforti_music
>>> https://soundcloud.com/boniforti_music
>>> https://bonny-j.bandcamp.com
>>>
>>>
>>> Am Mo., 23. Juni 2025 um 14:43 Uhr schrieb Fred Bone <Fred at mandfb.me.uk>:
>>>
>>>> On 23 June 2025 at 11:58, Boniforti Flavio said:
>>>>
>>>>> Hi all.
>>>>> I'm back at this topic because I found something weird (maybe it's
>>> just
>>>> my
>>>>> bank, or it's every bank but I never paid attention to it). I received
>>>> the
>>>>> credit card invoice for the period 14.05.2025-15.06.2025 and the final
>>>>> invoice amount is being rounded up by 2 cents: [image: image.png] I've
>>>>> sent a request for clarification to the bank, but in the meantime: how
>>>>> should I handle this in GnuCash? The reconciliation will not match the
>>>>> credit card invoice, so how should I proceed?
>>>> Are you quite sure there isn't a brought-forward 0.02 being included?
>>>>
>>>>
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>> --
>> _________________________________
>> Richard Losey
>> rlosey at gmail.com
>> Micah 6:8
>>
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