Peter,
There is a checkbox at the beginning of reconciliation to 'include
sub-accounts'. That should make it easy.
GnuCash reconciliation is not scary. You simply enter your statement
date and ending balance, then check off each transaction as you match
them up to your statement. When everything is checked off, the
difference between actual ending and expected ending balance should be
zero. If not, something needs investigation, or a balancing(correcting)
transaction is in order.
When you get to the window to check off transactions, anything already
marked 'cleared' will be checked off for you, so the process will go
rather quickly.
Regards,
Adrien
On 8/13/20 7:09 PM, Peter West wrote:
I use envelope budgeting, with one actual bank account, represented in Gnucash
by multiple subaccounts. The account summary shows me the total amount in the
actual account, which I can check against the balance of that account. I have
scheduled transactions in Gc that deduct from my usual cash account (which is
different again) into the subaccounts. At the bank, I have scheduled transfers
that make those deductions from my cash account to my (single) budget account.
When I know a bill is due, I schedule a payment at the bank from my single
budget account, and likewise schedule a transaction in Gc.
The difficulties come in “reconciling” the budget accounts with the bank budget
account. My accounts are set up so that the parent budget account shows the
total of the subaccounts, but does not show the transactions. I may be able to
make it do this, at least while “reconciling,” but I haven’t looked into it
that far. So I hav to work from multiple Gc accounts against the single bank
statement, which is a pain. However, as these are regular payments, that’s not
so bad.
Incidentally, I use the scare quotes because I do not use Gc’s reconciliation
mechanism. I started to look at it once, and it seemed incompatible with the
way I was doing things. Now I reconcile manually against the statements by
setting the cleared marker on the individual Gc transactions and then working
out which ones I have forgotten to enter. I try to do entry regularly – ideally
every evening – from the receipts I have collected during the day, including
online receipts.
Obviously, only budgeted payments come out of the budget account. If I have to
raid the budget, I’m living beyond my means. Confer with Mr Micawber. The whole
point about having such a budget is that you don’t raid it. If you do, you’re
stuffed, financially speaking.
With those caveats, envelope budgeting works for me.
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