Have you cleared all of the transactions from your statement? Dale Dale
On Mon, Nov 27, 2023, 12:02 PM Tom Balazs <tom123onl...@gmail.com> wrote: > I'm having trouble understanding the GnuCash Reconciliation window. > Specifically, the Ending Balance, Reconciled Balance, and Difference. > Note: I'm not using GnuCash for my personal finances. And I'm not doing > that because I'm good with my finances. I have struggled with this stuff. > > You may want to jump to the end of this message. But here is a detailed > explanation of my situation. > > Credit Card Statement Says > Previous Balance: $9,851.37 > Payments Made During This Statement Period > ... $9,843.38 > ... $7.99 > = $9,851.37 So I effectively begin this statement period with a $0 balance > on my credit card. > Purchases $4,448.88 > ... 69 purchase transactions > > GnuCash > What should my opening balance be? > In my Credit Card Ledger I begin with a transaction named "Opening > Balance", Transfer Account: "Equity: Opening Balances", Charge: $9,851.37. > That shows in the "Equity: Opening Balances" ledger as a "Decrease" of > $9,851.37. > So I begin this credit card statement period with a liability balance of > $9,851.37. > Just as the Credit Card Statement says: Payments are Made During This > Statement Period > ... $9,843.38 > ... $7.99 > = $9,851.37 Payments Made > > Then just as on the credit card statement I go on to make 69 purchase > transactions totaling $4,448.88. > > I go to the GnuCash Reconciliation window > ... Funds In Total: $9,851.37 > ... Funds Out Total: $14,300.25 > Simple math shows me: Funds Out $14,300.25 - Funds In $9,851.37 = $4,448.88 > So, I'm doing something right. > > But the GnuCash reconciliation window also shows me: > Ending Balance: -$4,448.88 > Reconciled Balance: $4,448.88 > Difference: $8,897.76 > Shouldn't I get to "Difference = $0". This looks like it's telling me I did > something wrong. > What am I missing here? Is this telling me that it is all matched and > reconciled? > _______________________________________________ > 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.
