Peter, >From what I can tell you can reconcile in your setup.
>From the main Accounts view, you can right-click a parent account (i.e. your bank account) and choose Open Sub-Accounts. This opens a ledger listing all transactions in all accounts under the parent account. This is a handy feature I've used several times. GnuCash will allow you to reconcile from this view, effectively reconciling the parent account. I have never done this personally, but confirmed GnuCash gives you the option to do it. Best, Colin > Message: 9 > Date: Fri, 14 Aug 2020 10:09:29 +1000 > From: Peter West <li...@pbw.id.au> > To: Gnucash Users <gnucash-user@gnucash.org> > Subject: Re: [GNC] envelope method, equity sub-accounts, cash vs. > hybrid vs. accrual accounting > Message-ID: <57289831-f21f-4d7e-842c-d6000bfbc...@pbw.id.au> > Content-Type: text/plain; charset=utf-8 > > 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. > _______________________________________________ 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.
