Re: Bank reconciliation question
It should be no problem at all. Just record the original transactions you already have recorded against something like a miscellaneous expenses account. Add notes to the description that they were direct debits in error. The refunds should also appear in your OFX records so just load then and use the same miscellaneous expense account to record the refund against. Attach notes in the Description field referencing the orignal incorrect transactions in error so that your auditors will be happy. Reconciliation should be no problem as your bank statements should have both the original debits to the account(credits in your books) and the credits (debits in your books) to the account so they should reconcile against your account as normal. When you prepare the financial statements, you could put in an explanatory note, referencing the transactions in error. Transactions hould appear something like Original transaction: debit credit Asset: Bank Expenses:Miscellaneous corresponding Refund Asset: Bank Expense: Miscellaneous You may need to consult any local legislation which governs your association and its recording of financial matters or your auditors. As long as the explanation is clear and references any external documentation/correspondence from your bank, your auditors should be happy. Note that you can also create links from transactions to associated documents. David Cousens - David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: Bank reconciliation question
On 24 January 2018 at 10:31, David Goodenough < david.goodeno...@linkchoose.co.uk> wrote: > A community association for which I am treasurer for recently had someone > succeed in > getting our bank to open a Direct Debit on our account without our > authorisation. > They took 4 payments before we noticed, and now the DD has been cancelled > and the > money refunded. We use GnuCash to manage the association's money. > > How do we reconcile this? I know how to reconcile a pay transaction > against an > invoice, but here I need to reconcile four payments for which there are no > invoices > against one receipt. We have already imported the OFX file with the four > payments in > it (which is when we noticed them), and will shortly import a subsequent > one with the > re-payment in it. > You could just enter them (and the refund) against one of your expense accounts, expense:miscellaneous or whatever you put small items against, or invent a new expense acct Expenses:BankErrors or something. Since it will go out and then back in again it will have no effect on the end result. Colin > > Thank you > > David > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > https://lists.gnucash.org/mailman/listinfo/gnucash-user > - > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > ___ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
