Thank you very much for the comprehensive reply. I didn't think of CC,
but that is very useful. It helps when presentation of CC records are late.
I did find that balancing amounts were in the reconcile, usually very
small amounts, but I didn't recall setting them.
For the previous answers, thank you one and all. I normally have a hold
of reconciling, but when looking back in my accounts I find 'opening
balances' have changed, presumably due to finger issues when entering
transactions later.
I ask myself, 'why look back' it is history, I've paid.....;)
Thanks again, Barry
On 26/10/2023 23:18, Jediator wrote:
This feature is useful when doing recon of a credit card account.
After a successful recon run, the new balance window will popup up
with the balance amount preset so you can issue a credit card payment
from a bank account. Certainly you can cancel the action (which
doesn't affect your recon results) if you don't want to enter the
credit card payment manually (e.g., populating transactions via csv
import). If you recon a bank account and the recon balance is zero,
the new balance window shouldn't show up at all...
-- JC
On 10/25/23 5:19 PM, David H wrote:
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
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