Here's the workflow that I ideally go through. During the month, I order something online using a credit card.
When I enter the transaction into GnuCash, the split associated with the transaction in the credit card account is tagged "n". The next day, I check my online banking, and I see that the credit card company considers the transaction "pending". I leave it tagged as "n". The next day, I check again, and now the transaction is charged against my account, and is no longer "pending". I tag the entry in GnuCash as "c", cleared. At the end of the month, I receive my statement, and I run the "reconciliation" process in GnuCash. GnuCash automatically cherry-picks "cleared" transactions for me, and I look for any discrepancy (transactions that haven't cleared, or transactions on the card I don't have recorded, etc). When I am satisfied that all is well, I tell GnuCash that the reconciliation is complete, and it marks the reconciled transactions as "r". In the future, when you go to reconcile the next month, it won't consider the ones already reconciled. GnuCash also shows multiple balances for an account: a current balance, a future balance, a reconciled balance, and a cleared balance. At any given time, the "cleared balance" should match match what the online banking says it should be, the "reconciled balance" matches your last statement balance. On Mon, Jan 29, 2018 at 7:59 PM Mark Hedges <mark.hed...@weirdvibe.com> wrote: > Thanks all. > > I don't understand the difference between "cleared" and "reconciled" > in Gnucash context. Someone mentioned that one changes R from "n" to > "c" when they see the charge in their bank statement or online > banking. How is that different in terms of information flow from > using the reconciliation feature to do exactly the same thing? I > still end up having to cherry-pick individual transactions to make the > balance work out. > > Regarding the Num field, I understand that this would be a check > number if anyone paid for much with checks anymore. For checking visa > or ACH transactions, am I supposed to record the transaction number > from the bank online balance sheet or statement? > > Thanks. > > Mark > _______________________________________________ > 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. > _______________________________________________ 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.
