On Fri, 2010-01-08 at 11:26 +0800, David Godfrey wrote: > Hi All, > > What does everyone do to enter information from bank statements? > And once entered how do you reconcile this info with other transactions? > > David
I think you may be looking at it the wrong way round. Your bank statement needs to be reconciled against LSMB. By that I mean you should be able to read down the statement, find each transaction in LSBM, and tick it off on the statement. Equally, you should be able read through what LSMB produces and find it on the statement. If the two match, you haven't missed anything out. If they don't, and you have missed, say, entering a cheque payment you need to find out why/where and enter/correct it. Or a deposit may be missing or entered twice. There may even be something missing from the statement, say a deposit has been put in the wrong account (yours or someone else's). Every transaction on the statement should be present in LSMB, and every entry in LSMB should be on the statement. The statement should only be a record of activity, rather than a generator of new data. Cheers Richard > > ------------------------------------------------------------------------------ > This SF.Net email is sponsored by the Verizon Developer Community > Take advantage of Verizon's best-in-class app development support > A streamlined, 14 day to market process makes app distribution fast and easy > Join now and get one step closer to millions of Verizon customers > http://p.sf.net/sfu/verizon-dev2dev > _______________________________________________ > Ledger-smb-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/ledger-smb-users ------------------------------------------------------------------------------ This SF.Net email is sponsored by the Verizon Developer Community Take advantage of Verizon's best-in-class app development support A streamlined, 14 day to market process makes app distribution fast and easy Join now and get one step closer to millions of Verizon customers http://p.sf.net/sfu/verizon-dev2dev _______________________________________________ Ledger-smb-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
