So what do you do if you have entered a cheque before the statement date, but it had not been cleared when the bank printed the statement?
Colin On 4 June 2017 at 14:53, mjchurchill <mjchurc...@aol.com> wrote: > Colin, I check the stafting date and balance, then the end date, finally the > end balance; the end balance chages to match the Gnucash opinion of the > balance for that date. If that does not match the statement then more work > is needed. Mike > > > > > Sent from Samsung tablet > > > > -------- Original message -------- > From Colin Law <clan...@gmail.com> > Date: 06/04/2017 6:08 AM (GMT-08:00) > To stepbystepf...@dialup4less.com > Cc gnucash-user@gnucash.org > Subject Re: Reconciling an account > > > Michael, Do you mean you do not start by setting the ending balance in > the reconcile opening dialog to that from the statement that you are > reconciling against? > > Colin > > On 4 June 2017 at 12:29, Mike or Penny Novack > <stepbystepf...@dialup4less.com> wrote: >> On 6/3/2017 6:51 PM, EngineInstitute wrote: >>> >>> I am having problems reconciling an account. The starting balance agrees >>> with >>> the statement but ending balance does not. OK so I changed the ending >>> balance to the correct one in the initial dialog box. I then went on to >>> the >>> next task of checking all of the debts and credits. I did that and >>> compared >>> the sum of the total debt and credit amounts against the statement so far >>> ok. BUT the ending balance still does not agree even there are no >>> additional >>> debts logs and one outstanding credit and I cannot close the account for >>> that period. What am I missing? >>> >>> Thanks. >> >> What kind of account are we talking about? Since you mention reconciling >> against a statement is this a checking account? >> >> If so, have you ever reconciled a checkbook against bank statement in the >> old fashioned days, statement against your check register? If not, you >> likely have no clue what to look for. You do not start by "changing an >> amount"! Using GnuCash: >> >> 1) Confirm that there is nothing in either Imbalance or Orphan. If there >> is, >> correct that problem first. >> 2) Look at the statement from the bank. Are there any transactions there >> that have not been entered in GnuCash? << assuming that you can recognize >> these as valid transactions -- otherwise contact your bank to find out >> what >> these were.>> >> 3) Are any checks still outstanding (you wrote them, entered them in >> GnuCash, but not (yet) returned against your account at the bank. THAT is >> why I referred to "old fashioned days" reconciling because you STILL have >> to >> do this to get the same balance amounts. You EXPECT a difference in the >> balances (you vs bank) for the sum of all uncleared checks. >> >> Michael D Novack >> >> >> >> _______________________________________________ >> 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. _______________________________________________ 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.