Mark, The reconciliation has been working well in GnuCash for 10-12 years that I have been using GnuCash, currently 5.4 on Linux and bugs in it are usually picked up pretty quickly as nearly everyone will be using it. I have just entered six months of OFX files and reconciled them to the EOFY with no problems. Half of that was done with 5.3 then I shifted to 5.4. AFAIK the code for reconciliation between OS's will mainly be the graphic library changes and the core code will be largely common.
Problems I have encountered have been missing entries, doubled up entries (usually from trying to fix the reconciliation in another account), wrong dates on manually entered data (entering year in yyyy format not yy in the register), mismatches of dates between the banks records and mine, transaction which should have had a split to the account being assigned to another account (sometimes happens with transfers between asset accounts which can be assigned to an expense account by the matching procedures on import - I check them but occasionally miss one) instead of the asset account it is going to). I don't use checks/cheques now but when I did the problems Michael Novack mentioned were on the list. Good luck and good hunting. David Cousens On Wed, 2023-09-27 at 11:47 -0400, Mark Truelove wrote: > Hi again. Besides my tendency to be details-specific (given my professional > background), I also had some college level accounting and understand > double-entry, reconciliation, and the basics. No, I am not an accountant, > but I have been using GnuCash mostly successfully for more than twelve > years now. I am new to this list, but not to the topics we're discussing. > > Regarding using the wrong year for the reconciliation date, the program > suggests an approximate date based on the last, and at the moment that > recommendation is 9/24/22. This is not in a vacuum, however, because all > of the unreconciled transactions between August '22 and present are still > in the ledger awaiting reconciliation against these 12 or so monthly > statements that I just re-downloaded. If I'd simply entered the wrong > year, this would not be the case. > > I'd hoped this would have been something familiar to someone, only that I > didn't know about because I hadn't been on the list previously. Based on > the responses, it's beginning to look a little obscure now. > > On Wed, Sep 27, 2023 at 10:52 AM Michael or Penny Novack < > stepbystepf...@comcast.net> wrote: > > > > > > > > The purpose of reconciliation is to verify that from the last closing > > > date to the new closing date, the listed transactions cleared the > > > account and thus explain the change from the opening balance (last > > > closing balance) to the new closing balance listed on the statement. > > > > > > The actual balance, in your books, on a given day, or as of a given > > > day, is irrelevant to that reconciliation. > > > > > > Precisely. You EXPECT there to be a difference based on checks written > > (appear in the gnucash account) that have not yet cleared. In other > > words, the main part of the job (if no errors) is to verify that the > > total of checks written but uncleared matches the difference between the > > bank statement of the account and the gnucash account as of the date of > > the statement. > > > > When it still doesn't match you then need to find the error, a check not > > entered for the correct amount. Usually at your end but once I had one > > of these at a bank end. > > > > Michael D Novack > > > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > ----- > > Please remember to CC this list on all your replies. > > You can do this by using Reply-To-List or Reply-All. > > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
