That's it. I entered -4448.88 where I should have entered 4448.88. Thank you!
On Mon, Nov 27, 2023 at 6:35 PM Dale Alspach <alspac...@gmail.com> wrote: > 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.
