[GNC] Credit card reconciliation shows wrong total

Tue Jun 24 11:38:21 EDT 2025

Hi David, as of now I asked my bank and they told me that they round-up.
I might ask the financial regulators as well - thanks for the hint.
F.

https://www.instagram.com/boniforti_music
https://soundcloud.com/boniforti_music
https://bonny-j.bandcamp.com

Am Di., 24. Juni 2025 um 14:45 Uhr schrieb David Carlson <
david.carlson.417 at gmail.com>:

> Why does that sound like AI?  Have you brought that up with your
> appropriate local financial regulators?
>
> On Tue, Jun 24, 2025 at 6:29 AM Boniforti Flavio <boniforti.f at gmail.com>
> wrote:
>
>> I mean: the item on my CC invoice is still 13.98 but the total amount due
>> is rounded up... which is unfair, as we're all doing digital payments...
>>
>> F.
>>
>> https://www.instagram.com/boniforti_music
>> https://soundcloud.com/boniforti_music
>> https://bonny-j.bandcamp.com
>>
>>
>> Am Di., 24. Juni 2025 um 00:40 Uhr schrieb Paul Kroitor <paul at kroitor.ca
>> >:
>>
>> > 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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>
>
> --
> David Carlson
>