> On Jun 18, 2019, at 7:11 PM, ToddAndMargo via gnucash-user > <[email protected]> wrote: > > >> Long delivery times make tracking charges/clearings more cumbersome, but not >> impossible. Reconciliation isn’t concerned with that though. >> The *purpose* of reconciliation is not to reconcile the transactions, it is >> to reconcile the ENDING BALANCE as of the statement date. > > I am going to ignore that as it throws me back into a state of confusion.
It would help considerably if you understood what ‘reconciliation’ means with respect to bank/charge accounts. You’re going to be taking that rock and banging it into granite until you do. It is apparent you are seeing this as a transaction clearing process when it is not. > > I will just think I can't "Finish" the reconcile until > it appears on my statement, even if it is a month late > arriving. Nothing wrong with that. But what do you mean by ‘month late?’ Do you not get your paper statements within 7-10 days of the end of the closing date? > > Part of this is that I am involved in computer security. > I do not do any on line banking as I has seen the > result. (By the way, use a charge card, not a debit card. > You have no protection with a debit card and if it gets > hacked, they have your bank account too.) So you > are expecting me to know my statement in "real time", > not once a month. Not at all. This process was built on once-per month statements. The ‘clearing’ function is separate from reconciliation and *can* happen daily/weekly/whatever, or happen as *part of* the reconciliation process. > > Just out of curiosity, when you don't balance and > you know the bank is right and you are wrong, but > can find your mistake, can you use that spurious entry > as an "adjusting journal entry”? If you “can” find your mistake, you should fix it, then Finish the reconciliation. If you “can’t” find your mistake, then yes, you can use the `Balance` button as a shortcut to create a balancing transaction so that you can `Finish` the reconciliation. (recall my suggestion to use an Expenses:Miscellaneous:Balancing account for this if you like). That is the sole purpose of the `Balance` button. Regards, Adrien _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user 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.
