> On Feb 13, 2018, at 3:35 PM, Rich Shepard <rshep...@appl-ecosys.com> wrote:
> The trial balance report for 2017 for a checking account shows a 4-figure
> imbalance at the bottom, yet the account is properly reconciled with the
> bank (through yesterday). How can this be?
> My accountant tells me that if the checking account register transactions
> balance with expense accounts, and the asset account reconciles with the
> bank's view of it, the trial balance should have no discrepancies
> (imbalances in gnucash language).
> There is no imbalance on the other checking account's trial balance.
> (As an aside, it's taken 8-10 hours for messages I posted this morning to
> appear on the mail list so I don't expect to see this there until tomorrow
> some time.)
The trial balance report checks that the accounting equation (Assets + Income -
Expenses = Liabilities + Equity) holds.
Running it on a single account makes no sense; it should be run on the whole
Reconciliation ensures that your local view of a single asset or liability
account matches that of the other party on the account. Since it's a
single-account check it's quite possible for you to have all of those accounts
reconciled and still have your books out of balance.
gnucash-user mailing list
To update your subscription preferences or to unsubscribe:
If you are using Nabble or Gmane, please see
https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.