Thanks for the explanation. I guess it's a matter of personal preference. If I'm starting a new file I want to be able to reconcile to my statement when it's received in 2024. It does not bother me to have uncleared items in the archived file. I could even go so far as to delete them from the 2023 archive but that would be overkill imho.
On Sat, Jan 13, 2024 at 10:37 AM Gyle McCollam <gmccol...@live.com> wrote: > 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 <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.
