David, He means after you click OK on the initial Reconcile popup there is a further popup on which the first icon is "Add a new balancing entry to the account" - this is active only if your Ending Balance is not equal to the Reconciled Balance. if you click this icon it adds a txn for the difference which you then must update as one side of the txn is the account being reconciled and the other is the Orphan account.
David Carlson's explanation is correct, personally I would never use it as I would always want to know why my account didn't reconcile :-) Cheers David H. On Thu, 26 Oct 2023 at 05:42, David Cousens <davidcousen...@gmail.com> wrote: > Finbar, > > Not sure what you mean by new balance entry. The reconcile dialogue comes > up > requesting the following: > > Statement date - enter the closing date on the statement from the bank. It > will > supply a closing date based on the statement date at which the last > reconciliation was doneand usually adds one month. > > The Starting Balance is calculated and displayed - This is the total > balance of > all splits in the account which have already been reconciled. This should > be > equal to the Opening Balance indicated on the statement from the bank. If > not it > indicates that a previous reconciliation is incorrect eithr in your books > or the > banks statement - rare but it can happen > > The Ending Balance This requires you to enter the value of the closing > balance > from the bank statement. > > Some banks add their interest payment (or interest charge for a credit card > account) at the end of the statement and it may not have been enetered > into your > books. If this is the case use the "Enter Interest Payment" button to add a > transaction to include the interest payment without halting the > reconciliation. > > Then press the "OK" button to continue. > > David Cousens > On Wed, 2023-10-25 at 15:21 +0200, Mahon Finbar via gnucash-user wrote: > > Hi, > > > > After my previous experiences on here, I am almost afraid to ask a new > > question, but, here goes. > > > > When Reconciling, what exactly is the effect of introducing a "new > > balance entry" as is available as the first option on the bar. > > > > There is nothing under the help that I could identify. > > > > Thanks, Finbar > > > > _______________________________________________ > > 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.
