What did you enter as the ending balance in the popup when you started the reconciliation? You should have entered 4448.88. Dale
On Mon, Nov 27, 2023 at 4:57 PM Tom Balazs <tom123onl...@gmail.com> wrote: > This statement period begins with a negative balance, so the very first > transaction (the first in the whole ledger) is in the right column, it is a > "charge" for $9,851.37. > Where a business refunded me $7.99 that appears in the left column as a > "payment". > When I paid down the credit card balance, that payment for $9,843.38 also > appears in the left column as a "payment". > > Tom > > > On Mon, Nov 27, 2023 at 5:49 PM Dale Alspach <alspac...@gmail.com> wrote: > >> When you look at the account register, you should see two columns next to >> the balance column. The column on the right (Charge or Increase if not >> using accounting labels) should begin with 9,851.37; all charges should >> be in that column as positive entries. All payments should be positive >> entries in the left column (label Payment or Decrease). The labels depend >> on whether you selected liability or credit card for the type of account. >> >> Dale >> PS Always send mail to the list, too. >> >> On Mon, Nov 27, 2023 at 3:50 PM Tom Balazs <tom123onl...@gmail.com> >> wrote: >> >>> I see that Reverse Balanced Accounts is: >>> Income and Expense: unchecked >>> Credit Accounts: checked >>> None: unchecked >>> >>> GnuCash 4.8 >>> Ubuntu 22 >>> >>> Tom >>> >>> >>> On Mon, Nov 27, 2023 at 4:44 PM Tom Balazs <tom123onl...@gmail.com> >>> wrote: >>> >>>> However, in my chart of accounts, I see that Credit Card 1 has a >>>> balance of positive $9,000. >>>> But my Loans show as a negative balance. >>>> Why is that? >>>> >>>> Tom >>>> >>>> On Mon, Nov 27, 2023 at 4:43 PM Tom Balazs <tom123onl...@gmail.com> >>>> wrote: >>>> >>>>> Yes, in my chart of accounts it is "Liabilities: Credit Card 1" >>>>> >>>>> Tom >>>>> >>>>> On Mon, Nov 27, 2023 at 4:41 PM Tom Balazs <tom123onl...@gmail.com> >>>>> wrote: >>>>> >>>>>> Under preferences I see "Accounts / Reverse Balanced Accounts" and >>>>>> Credit accounts is checked. >>>>>> >>>>>> Does that mean that a credit card balance of $100, is actually -$100 >>>>>> in my net financial worth? In which case it is correctly checked? >>>>>> >>>>>> Tom >>>>>> >>>>>> On Mon, Nov 27, 2023 at 4:37 PM Tom Balazs <tom123onl...@gmail.com> >>>>>> wrote: >>>>>> >>>>>>> Yes, I have. >>>>>>> >>>>>>> Tom >>>>>>> >>>>>>> On Mon, Nov 27, 2023 at 2:27 PM Dale Alspach <alspac...@gmail.com> >>>>>>> wrote: >>>>>>> >>>>>>>> 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.
