What I mean is that variations from paycheck to paycheck result in changes in the amount going into my checking account. When I adjust that amount, the transaction no longer balances, and gnucash puts the difference into Imbalance-USD.
-------- Original Message -------- From: Michael or Penny Novack <stepbystepf...@comcast.net> Sent: Thu Dec 16 18:45:33 EST 2021 To: gnucash-user@gnucash.org Subject: Re: [GNC] Coloring the Action field On 12/16/2021 5:58 PM, David T. via gnucash-user wrote: > I use something like Michael's approach with paychecks, but my simple > workaround is that I enter the correct amount deposited to my checking > account (that *is* what I'm most interested in!), using a previous pay > transaction as the template. Inevitably, IT DOES NOT BALANCE, and I > end up with an entry in Imbalance-USD, which I monitor for zero balance. I am not sure what you mean by "inevitably it does not balance". > > My workaround with my mortgage is to download the transaction history > for the mortgage once a year (more frequently, if I'm feeling > twitchy), and then I reconcile the MORTGAGE principle account. If the > transactions there are "N", then I know I need to check them for > accuracy. For a mortgage, you are likely to have to reconcile once a year in any case when the amount for the insurance/taxes escrow gets recalculated. Note that this monthly amount is NOT 1/12 of the insurance and taxes. It will be an amount such that the balance of the escrow account remains positive as these monthly payments go in and on the due dates, tax payments and insurance payments, etc, go out. That's why this amount the mortgage holder bills you each month jumps around so much when they recalculate it once a year. With that recalculation you get a statement showing what was paid when so you can add the transactions for RE Tax and Insurance. Michael D Novack PS: The escrow account should be an asset account in your books. Each month the escrow portion of you mortgage payment goes in,m and when you get the statement (for the escrow being held) you will be able to enter the actual RE tax and insurance transactions going out. _______________________________________________ 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.
