Great - Thanks David C. for validating my understanding. BR, Flavio. https://www.instagram.com/boniforti_music https://soundcloud.com/boniforti_music https://bonny-j.bandcamp.com
Am Di., 24. Sept. 2024 um 23:32 Uhr schrieb David Cousens < davidcousen...@gmail.com>: > > Yes that is the reconciliation process and why there are two panes in the > reconciliation window. The timing depends a lot upon how you use your > credit card, when the payments are made but generally those paying off the > charges from a previous statement period will take place during the > following statement period and both the charges and payments made in a > given statement period have to be matched and checked off. The > reconciliation process automatically includes transactions from your > GnuCash account in those windows and checks the checkboxes against them > but the dates in your records and the banks don't always match up. Usually > if the opening and closing balances in both the banks records and yours > match then the right transactions will have been checked but I prefer to > clear all the checkboxes, copy my statement into an open spreadsheet and > manually match and check the items in the reconciliation panes and the > spreadsheet, particularly when reconciling my credit card because there > are generally more date mismatches, less so with bank accounts. > > David > On Tue, 2024-09-24 at 19:14 +0200, Boniforti Flavio wrote: > > Hi David. > Maybe I'm understanding it now... let me try: > when I get the credit card bill I reconcile the "Funds Out" by matching > what I see in the right part of the pop-up in GC against the entries listed > in the credit card bill; > at the same time I have to reconcile the "Funds In" by matching that > number to what is declared in the bill regarding the last bill paid. > > Please excuse me that it's in German, but this is how it looks like for > the latest credit card bill. > [image: image.png] > The lines translate as > "Amount last bill" > "Direct-Debit payment" > "Card total" > "Card total" > And at the end the total amount of this bill. > > Therefore when I want to reconcile I have to tell GC that both the > previous bill is OK (1418.45) and also the individual transactions for the > actual time period. > > I hope I got it right! > F. > > https://www.instagram.com/boniforti_music > https://soundcloud.com/boniforti_music > https://bonny-j.bandcamp.com > > > Am Di., 24. Sept. 2024 um 07:17 Uhr schrieb David Cousens < > davidcousen...@gmail.com>: > > Flavio, > > If you look at your bank statement for the Credit card it records both > the charges you made against the account (Funds Out) and the Payments > received by the bank in that period (Funds In), which in most cases > will be payment of an amount for the previous periods bill and > similarly the Credits to your credit account record your record of the > chrges(Funds Out) and the Payments you have made in the period (Funds > in). > > Closing Balance= Starting Balance - Funds Out + Funds In > > For a good reconciliation all of the following quantities ( including > the individual transactions) should match exactly between the bank's > record (statement) and your record, the Credit Card account in GnuCash. > > David Cousens > > On Mon, 2024-09-23 at 23:40 +0200, Boniforti Flavio 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. > > _______________________________________________ > 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. > > >
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