Phyllis, If you enter unreconciled transactions again in 2024 you will have doubled counted them because they will be in 2023 and 2024. They are already accounted for in the balance. Since reconciliation is just matching what has cleared with the statement it is OK that the transactions are not in 2024 as long as you know that they were in 2023 and any that have not clear in 2024 are the difference between your statement and account balance per the statement.
Thank You, Gyle McCollam Gyle McCollam gmccol...@live.com<mailto:gmccol...@gyleshomes.com> email ________________________________ From: gnucash-user <gnucash-user-bounces+gylemc=gmail....@gnucash.org> on behalf of Phyllis Bruce <pobruc...@gmail.com> Sent: Saturday, January 13, 2024 10:56 AM To: adrien.montele...@lusfiber.net <adrien.montele...@lusfiber.net> Cc: gnucash-u...@lists.gnucash.org <gnucash-u...@lists.gnucash.org> Subject: Re: [GNC] End of Year? I did mean checking/savings and credit card accounts. Thanks Since I use Gnucash for personal rather than business use, I don't "close" the books. However, if I wanted to archive 2023 and start fresh on Jan 1, 2024, I would enter any unreconciled transactions in those accounts in your A2b example because the beginning balances would include them. On Sat, Jan 13, 2024 at 8:19 AM Adrien Monteleone < adrien.montele...@lusfiber.net> wrote: > *ALL accounts are 'credit and debit' accounts. But perhaps you mean > Checking & Credit Card accounts? (i.e., those held at a 3rd party > financial institution, since you are referencing 'reconciliation'.) > > Reconciliation is usually done prior to a Trial Balance as part of the > End of Year process and that not infrequently is done up to a month > (sometimes more) after the calendar date of the end of the period. It is > not uncommon to see P&L and Balance Sheet reports published in February > for periods ending December 31. > > Otherwise, correcting entries are employed. This is usually the case > with Accruals that cross period boundaries. You reverse the portion of > an amount that doesn't apply to the period being closed, and add it back > in the following period. (this also occurs for interim periods such as > months or quarters) > > Exactly what you do, depends on the requirements of your local > jurisdiction. > > > Regards, > Adrien > > On 1/13/24 8:03 AM, Phyllis Bruce wrote: > > Hmmmm, would you not also need to re-enter any unreconciled transactions > in > > your credit and debit accounts? > > _______________________________________________ > 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.
