George, You will get a warning that you are changing a split that is associated with a transaction which has another split which has been reconciled, but the flag itself only changes if you alter the amount and other details of the split which is reconciled not any other split of the transaction.
Reconciliation simply means checking amount and description that the split of a transaction affecting the account you are reconciling matches the amount and a similar description in a statement supplied by an external source. The dates generally will be the same or close but do not have to be exactly the same. For example you might record a check in your books on the day you write it but your bank will record it on the day they receive the request for funds from the payee's bank and when they take the funds out of your account. A strictly correct accounting procedure would use a check clearing account to record writing the check against an expense account and then record a transaction from the clearing account to your bank account on the day the bank takes the funds out. With electronic clearing that period is now getting sufficiently short. Whether you need this level of detail can depend upon the nature of the business, whether you can use cash or accrual accounting etc. This gives you a record of uncleared checks which can help in managing cash flow. It will most commonly be an asset or liabilty account against a bank statement or similar but it may be against a statement issued by a supplier who supplies you with goods on credit in which case you could reconcile an expense account. That would normally only be a partial reconciliation unless your expense accounts were broken down by supplier and that supplier only supplied goods in one specific expense category. David ----- David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ 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.
