Consider if you had returned charges, or a cashback credit... they would show up in the left side and need to be reconciled. Or what if you typo'd a payment... you owned 102 and paid 120?
Certainly you want to reconcile BOTH the funds in and the funds out. On Mon, Sep 23, 2024 at 4:41 PM Boniforti Flavio <bonifort...@gmail.com> wrote: > Hi Maf. > > I understand reconciling the "Fund Out" - I compare the right part of the > window with what's stated on the credit card bill. > I have a hard time understanding the reconciliation of the "Funds In" part: > when I reconcile the right part, I do have the old "Funds In" on the > right... the one I used for reconciling the previous month... > > So to me it feels like some sort of "delayed" reconciliation. First I agree > on the "Funds Out" comparing the credit card bill of this month. Then the > next month I will reconcile again the Funds Out with the credit card bill - > but at the same time I have to reconcile the "previous" "Funds In"? > > Sorry, but maybe this is a lack of accounting knowledge on my end :-( > > F. > > https://www.instagram.com/boniforti_music > https://soundcloud.com/boniforti_music > https://bonny-j.bandcamp.com > > > Am Mo., 23. Sept. 2024 um 23:29 Uhr schrieb Maf. King <m...@chilwell.net>: > > > On Monday, 23 September 2024 18:31:48 BST Boniforti Flavio wrote: > > > Oh, ok! > > > So I have to tick "R"econcile on the left part (Funds In) as well?! > > Indeed, > > > by doing so it lets me finish the reconciliation. > > > Now I'm curious to understand why it has to be done like this - can you > > > explain? > > > F. > > > > To "reconcile" means (more or less) "to come to an agreement" > > > > You and the bank come to "agree" on the state of your account at some > > point in > > time..... You "reconcile" your version against their statement. If (for > > example) they have charged you twice for something, then you tell them > and > > hopefully get a resolution you are happy with. > > > > naturally, you want to agree on both funds in and funds out of the > account! > > > > HTH, > > Maf. > > > > > > > > _______________________________________________ > > 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. > -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ 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.
