On 6/18/19 4:20 PM, Adrien Monteleone wrote:
On Jun 18, 2019, at 6:04 PM, ToddAndMargo via gnucash-user
<gnucash-user@gnucash.org> wrote:
On 6/18/19 3:43 AM, Maf. King wrote:
Yep, the Balance button will insert a transaction into your account to make it
balance with the statement finishing total. It's effectively a short cut when
you can't be bothered to keep careful track of all your txns.
Maf.
Here is the rub. The date I make the charge and date when
the charge "Posts" are often two different dates.
Irrelevant to the reconciliation process. (well, for most purposes, for most
transactions, there are some corner cases where it might matter.)
If I where to change all my charge dates to post dates, this
would not be an issue, But that makes for a nightmare to
keep up. I need to know what date I placed an order and I
also need to not be spending hours changing dates.
You shouldn’t be changing dates during or prior to reconciliation as part of
the reconciliation.
Enter the transactions on their actual dates.
If before reconciliation, you want to mark them as ‘cleared’ that is, posted
and recognized on your account (say, viewing it online) then click the ’n’ to
make it a ‘c’.
When you perform the reconciliation, these transactions will be checked off for
you already. (you’ve already verified they are included in the ending balance
calculation - that is what “cleared” means.)
As noted in the other thread, you can use the Notes field to record the posting
date if you feel you really need it. You could also use the Action field if you
are not otherwise using it or put that info in one of the split memo fields,
likely the one assigned to the credit card accoun. (you’ll need to view splits,
or use Transaction Journal view)
The transactions dates in your books and the posting dates on your credit card
statement *do not* have to match and likely will not. But the statement
*should* allow you to see the original ‘charge’ date even though it may have
settled later. (or at least the info should be available online)
Why is if not using my "c" and "n" fields? Why can it just
reconcile the entries I have "c" checked?
It does, and then some potentially.
Reconciliation is *NOT* a transaction by transaction process. It is a period to
period process. It is verifying WHY the account balance changed from the
opening amount to the closing amount over a time period. The individual
transactions are the “why”. If the cleared transactions don’t add up to the
full difference between the open/close amounts, then either you need to check
off additional transactions, uncheck one of the previous assumed cleared
transactions (perhaps it wasn’t really cleared) or you are missing a
transaction. In that last case, you either enter the missing transaction, or
use the `Balance` button to create an adjusting transaction for you. I usually
assign this balancing transaction to a Expenses:Miscellaneous:Balancing account
so I can either figure it out later, or else have some idea more than just
Imbalance-XXX or Orphan-XXX as to why it is in my books.
Otherwise, unless I am missing something really big,
"reconcile" is pretty much useless. I hope it is
my problem, as I can fix that.
No, it is useful because it verifies periodically that your records and the
bank’s records —match. That is its purpose.
Regards,
Adrien
Adrian,
If it add spurious entries for translations that have not passed
during the date periods I am checking, it is useless. It would
only work if I altered all my charge dates to their actual
post date. That I DO NOT WANT.
The box in the lower right corner of the reconcile field is very
useful. The reconcile feature is not. I will just use that and
press cancel when I am happy
-T
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