Hello Paul, There are many possible reasons why your GnuCash (GC) bank balance is higher than the actual bank account, and so you will need to be methodical in your approach to fixing it. In the first instance, I would go through the statements from the bank and see if there are any entries that you cannot account for or don't recognise and investigate those. When satisfied that the bank account is as it should be, I would then check the bank entries in the GC bank account(s) against the bank statement proper and make the necessary corrections until the GC bank accounts agree with the bank, putting anything you can't immediately figure out into a suspense account for later investigation. When the GC bank account(s) agree with the bank statements, you are then better placed to sort out the internal GC accounting errors. Be mindful that fixing one error may raise another, so fix them as they arise before moving onto the next. Don't expect this to be a five minute job, you will be disappointed. Finally, make notes as you go as to what was wrong, these will prove useful later on. And yes, reconciling, religiously, every month is a far better proposition than ' ... every year or so'.
On Sat, 24 Feb 2024 at 08:16, Paul Roberts <[email protected]> wrote: > 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. > _______________________________________________ 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.
