On 6/18/19 4:27 PM, Adrien Monteleone wrote:
On Jun 18, 2019, at 6:11 PM, ToddAndMargo via gnucash-user
<gnucash-user@gnucash.org> wrote:
On 6/18/19 3:41 AM, Maf. King wrote:
Things these days are generally much more instant, although sometimes not as
instant as we might like.
HTH,
Maf
Not really.
By law, folks that take credit crds in the USA are not allowed
to charge you until the item ships or gets processed. Sometimes
that is the same day and sometimes that is weeks away, depending
on back orders. Parts I purchase through my distrubutors for
my business often get posted four or five days AFTER I receive
the parts.
Understood. Thousands of businesses operate this way. I’m familiar with it.
So, I need to know when the charge was made and I need to "C" it
off when it posts. I need to only check that my beginning
balance and my ending balance on my statement agrees, meaning
I did not typo or forget to enter anything.
You can do that. Some people are in the habit of checking their accounts daily.
When doing so, you can ‘c’ those transactions that have settled and they will
be automatically ‘checked’ for you when you reconcile.
So far I think reconcile is useless, except for the box in
the lower right corner, which tells me I am balanced. That
is useful!
Reconciliation is a final ‘verification’ *when you receive your monthly/period
statement* that previously cleared transactions are WHY the balance changed
from opening amount to closing amount.
Adding a stupid entry for a charge that I can not "C" off
is really mind splitting.
You shouldn’t need to enter a balancing transaction unless you aren’t balanced.
And if you need to enter it, you *must* check it off (either via ‘c’ in the
register or the checkbox in the reconciliation window) in order to Finish the
Reconciliation.
If you are ‘balanced’ after checking all ‘cleared/posted’ transactions, then DO
NOT CLICK THE `Balance` BUTTON. (you didn’t read the manual did you? nor waited
for the tool-tip when you hovered over the button)
If you are ‘balanced’ then click the `Finish` button.
But you can’t “Finish” if you are not balanced. (bottom right figure for
‘Difference’ is $0.00)
Regards,
Adrien
So basically, I need t wait for my next statement to come to "c" the
charges that did not make it on the current statement. So reconcile
will always be a month behind.
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