This was what I was going to mention; it can also be used to track reimbursed expense accounts.
David T. On Dec 20, 2022, 6:54 AM, at 6:54 AM, Paul Kroitor <p...@kroitor.ca> wrote: >I use the reconcile feature in at least two other ways: > >1. I keep current accounts with a lot of other parties -- four adult >children, parents, in-laws, my sister's farm operation, our condo >association, and at least a half-dozen more. Most of them don't do >formal accounting and rely on me to know how much they owe me (or >occasionally I owe them). Things go in and out in various ways, but >either way they repay me (using Canadian Interac transfers, an email >thing) item for item, or I print them a list of open transactions and >ask them to pay me the balance. In either case the account should total >zero, but because of timing it often doesn't actually come to zero (for >example, when more debits are entered before their payment arrives). > >In this case, some entries must be reconciled to zero, and it's often >not trivial to see which. So I start Gnucash's reconcile and enter a >balance of zero. Then I can simply tick off debits and credits that add >to zero and I'm done. Much easier and more verifiable than manually >changing reconcile status line by line. > >2. For those of the above parties that do have their own formal >accounting -- done, invariably, by me -- I have to reconcile my version >of what they owe me with their version of what I owe them. For example, >they might have sent 12 organic chickens over the last few months and I >might have bought them a new microwave, phone battery, and furnace >filters (they're not very technical -- I order these things for them >with delivery there). For these current accounts I reconcile one >against the other, starting from a situation where neither is complete. >Easier to do than explain, but the idea is that you have two Gnucashs >open side by side (one in a VM) and tick off matching entries, leaving >entries only in one set of books. You enter those in the opposite books >and repeat until everything is reconciled. Not the original intension >of the system, but it's far faster than other ways I've tried (and I've >been using variations of this for 25+ years). > >Paul > >-----Original Message----- >From: gnucash-user <gnucash-user-bounces+paul=kroitor...@gnucash.org> >On Behalf Of David Cousens >Sent: December 19, 2022 9:27 PM >To: gnucash-user@gnucash.org >Subject: Re: [GNC] What accounts should I reconcile? > >Dave > >Reconiliation requires an independent statement of the account (e.g. >from the bank's perspective) against which to reconcile the account. >You generally don't have that with an expense account. I have had to >investigate discrepancies between what I thought I owed a vendor and >what they claimed I owed them which involved them supplying a statement >of account detailing all purchases from and all payments I had made >from them for a specific period against which I coud perform a partial >reconciliation This wa s before the business customer /vendor reports >existed > >David Cousens >On Tue, 2022-12-20 at 01:21 +0000, Dr. David Kirkby wrote: >> For simplicity assume that I havé the following two accounts, all in >GBP. >> >> Assets -> Bank >> Assets > PayPal >> >> I can reconcile those, and I find the process useful. >> >> However, I noticed that it is possible to reconcile most, if not all >> other accounts. Is there any point in reconciling the other accounts, > >> such as >> >> Expenses > Office supplies? >> >> >> Dave > >_______________________________________________ >gnucash-user mailing list >gnucash-user@gnucash.org >To update your subscription preferences or to unsubscribe: >https://lists.gnucash.org/mailman/listinfo/gnucash-user >----- >Please remember to CC this list on all your replies. >You can do this by using Reply-To-List or Reply-All. > >_______________________________________________ >gnucash-user mailing list >gnucash-user@gnucash.org >To update your subscription preferences or to unsubscribe: >https://lists.gnucash.org/mailman/listinfo/gnucash-user >----- >Please remember to CC this list on all your replies. >You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.