> On Feb 13, 2018, at 3:35 PM, Rich Shepard <rshep...@appl-ecosys.com> wrote: > > The trial balance report for 2017 for a checking account shows a 4-figure > imbalance at the bottom, yet the account is properly reconciled with the > bank (through yesterday). How can this be? > > My accountant tells me that if the checking account register transactions > balance with expense accounts, and the asset account reconciles with the > bank's view of it, the trial balance should have no discrepancies > (imbalances in gnucash language). > > There is no imbalance on the other checking account's trial balance. > > (As an aside, it's taken 8-10 hours for messages I posted this morning to > appear on the mail list so I don't expect to see this there until tomorrow > some time.)
The trial balance report checks that the accounting equation (Assets + Income - Expenses = Liabilities + Equity) holds. Running it on a single account makes no sense; it should be run on the whole book. Reconciliation ensures that your local view of a single asset or liability account matches that of the other party on the account. Since it's a single-account check it's quite possible for you to have all of those accounts reconciled and still have your books out of balance. Regards, John Ralls _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
