Since the invoice amount shows up in Accounts Receivable I will need to investigate more closely to discover why the statement balance is so much higher than the actual bank balances. One reason would be that someone is stealing our money, but I find that quite hard to believe. The other explanation is that I am not posting all our expenses. I guess I will keep on searching for the answer.
Another way to take care of this is to reconcile the balances each month and not just each year or so. Thanks for your response. On Tue, Feb 20, 2024 at 4:11 PM Murugan Muruganandam < [email protected]> wrote: > hi Paul > > one way of checking is running reconciliation on the bank account and > check your bank statement. > > also, when you create invoice it will be affecting only the receivables, > on payment it will update the balances in your bank account > > > > Saludos Cordiales > > > Murugan > ------------------------------ > *From:* gnucash-user <gnucash-user-bounces+m.muruganandam= > [email protected]> on behalf of Paul Roberts <[email protected] > > > *Sent:* Monday, February 19, 2024 1:02 PM > *To:* [email protected] <[email protected]> > *Subject:* [GNC] Bank Balance Higher Than Actual > > The bank balance in gnucash is much higher than the actual balance. Is > there some way that I can find out why? When an invoice is created does > that amount add to the bank balance? > > -- > > Paul L Roberts, Ph.D. > > Head of School > > Bay Islands International School > > East Sandy Bay Beach Road, Sandy Bay > > Roatan, Islas de la Bahia, Honduras > > +504 9817-0344 > > +504 9335-5272 > > www.roatanschools.org > > Education That Will Take You Anywhere > _______________________________________________ > gnucash-user mailing list > [email protected] > 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. > -- Paul L Roberts, Ph.D. Head of School Bay Islands International School East Sandy Bay Beach Road, Sandy Bay Roatan, Islas de la Bahia, Honduras +504 9817-0344 +504 9335-5272 www.roatanschools.org Education That Will Take You Anywhere _______________________________________________ gnucash-user mailing list [email protected] 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.
