Oops, forgot to reply all to this one.. ---------- Forwarded Message ----------
Subject: Re: Transaction balancing Date: Tuesday 21 January 2003 03:42 pm From: Chris Morgan <[EMAIL PROTECTED]> To: Benoit Gr�goire <[EMAIL PROTECTED]> On Tuesday 21 January 2003 07:03 pm, Benoit Gr�goire wrote: > On January 21, 2003 05:20 pm, Chris Morgan wrote: > > It does, my beef is mostly with balancing AFTER the importing. > > If I try to balance credit card debits and I have yet to > > import my checking or savings account then why bother? Thats > > why it makes sense to have an autobalacing feature that you > > can run at any time. > > No, it doesn't. You are supposed to enter your transactions in one of two > ways (assuming there is an import involved, with the ofx/hbci importer). > > 1- You are a "Do everything daily" kind of guy. So you write a GnuCash > transactions everytime you write a check, spend money, etc. Say you spend > 40$ on your credit card at "Overpriced Restaurant". When you come back or > at the end of the week when you get rid of all the receipt in your wallet, > you enter a 40$ transaction from "Credit Card" to "Expenses->Restaurant", > or whatever. At the end of the week, month, year or whenever, you download > your credit card statement. The importer will spot duplicates (with a > confidence level) and by default mark them as cleared. Transactions you > forgot will proably not match, and the importer will have an inconclusive > match or consider them as new and treat them like in the next case. > > 2- You are an "Do everything at once kind of guy". You don't write your > transactions as they occur, instead you download your statement at the end > of the month. Now the importer should find that all transactions in your > credit card are new (except maybe payments, if you imported your checking > account prior to your credit card account). The first time, all > transactions will say "Need an account to Auto-Balance xxx$". You pick an > account for each one. In the caase of the 40$ we talked about, you select > "Expenses->Restaurant" (the importer already knows it's coming from "Credit > Card"). Now the next month, you don't learn and go to "Overpriced > Restaurant" again. Assuming your bank give you a minimum of info > electronically, the importer will remember that a transaction at > "Overpriced Restaurant" from account "Credit Card", goes to > "Expenses->Restaurant". All transactions are already cleared at this > stage. > > In both scenarios, all transactions are balanced, in the exact same > accounts, at creation time. What happens if I import a years worth of transactions for credit card/savings/checking one right after the other. They are all interdependent on each other for transactions, except for the credit card of course that may go into other accounts. How should I handle that? How does msmoney handle it? Thanks, Chris - ------------------------------------------------------- _______________________________________________ gnucash-devel mailing list [EMAIL PROTECTED] http://www.gnucash.org/cgi-bin/mailman/listinfo/gnucash-devel
