Re: [GNC] Kind of a Philosophical Question about Transaction Dates

[Harold Hallikainen via gnucash-user]

On Wed, March 11, 2026 8:45 pm, Brook Milligan via gnucash-user wrote:
>

>> On Mar 3, 2026, at 15:04, Kalpesh Patel <kalpesh.pa...@usa.net> wrote:

> I initiated a transaction on one day that just happened to be the day
> prior to a bank statement, and that statement did not include the
> transaction.  Going through the GC reconciliation process, I find that
> the GC balance cannot match the bank balance because the former has
> included the transaction and the latter has not.  To complete the
> reconciliation, I am forced to change the GC transaction date until some
> time following the bank statement date.
>
> Is that the correct way to handle this or is there some other option that
> I am not thinking of?

It is quite common to have oustanding checks that have not yet cleared and
do not show on the statement (yet). When reconciling the account, you have
the statement starting balance (which is the ending balance from the
previous statement) and the statement ending balance. You then check off
all the deposits and checks (or other charges) that have cleared. The
reconciliation keeps track of the difference between the cleared balance
in GC and the statement ending balance. When reconciliation is complete,
the difference is zero, and you are done! You should not need to change
any dates. I always use the date the check is written and do not change it
after that.

Harold



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