Hi, Have you ever reconciled this account before? Even as a test?
On Thu, July 4, 2024 8:25 am, Trevor Richards wrote: > Hi Derek,I set up this account based on a credit card statement as an > arbitrary starting point Aug last year.The stmt showed 105.00 as balance > BF so I created that as my opening balance (owed). It balances with an > account called opening balances (I think as instructed by GNU)all the > following monthly transactions match the CC stmts (purchases & monthly > payments from my savings acc)The savings acc reconciles OK Different accounts. Most likely your Savings/Checking account only has transactions to pay the credit card, so I wouldn't expect much there. > The CC account > always shows starting balance of 4,448.06 when I try to reconcile any > month > The ledger matches the stmts. This is good... > your comments make no sense to me. I can press the reconcile button > forcing any dates I like. I do realize that it is pointless reconciling > prior to start dates but I'm just pointing out that 4,448.06 is always the > starting balance... I know not from where Which part makes no sense? My point is that reconciliation is not month-to-month, it is always from the beginning of time to the end of the statement. The 4,448.06 is coming from previously reconciled transactions, or from a marking in the account that it was previously reconciled to 4,446.08. Are you willing to share your data file? Or maybe attach some screen shots of your register(s)? (NB: Please attach, not "include") -derek > > > On Thursday, 4 July 2024 at 23:52:09 GMT+12, Derek Atkins > <[email protected]> wrote: > > Have you ever reconciled this account before? > > You cannot reconcile "back in time". I.e. once you reconcile to time T, > you have effectively reconciled from the beginning of time to time T. > What this means is that you cannot go back and later reconcile to a time > BEFORE T. Part of the reason is that the starting balance is the sum of > all reconciled transactions in the account. > > As a practical example, let's say you start and put an opening balance of > $1000 on June 1, 2024 and then reconcile your transactions as of June 30, > 2024. After this, you cannot go back and re-fill January thru May, > because the "opening" balance will include all your (june) reconciled > transactions. > > If you started with an opening balance, reconciled, and then go back and > filled in transactions prior to the opening balance, the only thing you > can do is re-reconcile to the SAME place (e.g. re-reconcile June 30, > 2024); ignore the opening balance, make sure the ending balance is > correct, and check-off all the prior transactions from the beginning of > time to your reconcile date. > > Hope this helps! > > -derek > > On Thu, July 4, 2024 5:53 am, Trevor Richards via gnucash-user wrote: >> Thanks for the suggestions but don't think they help.I've tried >> reconciliation stepping back to months previous to when I 1st opened >> these >> accounts.It always opens with the same starting balance... >> 4,448.06Ending >> balances are zero (not surprising... no transactions) >> >> I do get a successful reconciliation on the corresponding bank account >> that is connected to the credit card >> >> On Tuesday, 2 July 2024 at 06:26:06 GMT+12, Tommy Trussell >> <[email protected]> wrote: >> >> In addition to the comments below, you will need to make sure you >> entered >> the transactions in the correct columns. >> Make sure the account was correctly set up as a liability account (so >> its >> ending balance will decrease your overall net assets balance). When you >> enter credit card transactions into the account, its running balance >> should go up, and when you enter payments (last month's card payment in >> this case) its balance should go down. The debit (left) column will >> contain the payments to the credit card bank, and the credit (right) >> column will contain the individual credit card transactions. >> If it has been awhile since you have looked at the documentation, it's a >> good time to review the chapter on Credit Cards >> https://lists.gnucash.org/docs/C/gnucash-guide/chapter_cc.html >> >> >> On Mon, Jul 1, 2024 at 12:45 PM Phyllis Bruce <[email protected]> >> wrote: >> >> Trevor, did you enter the unreconciled transactions from the previous >> month? Those would have to be included for your first reconciliation. >> >> Phyllis B >> >> On Mon, Jul 1, 2024 at 12:24 PM Adrien Monteleone < >> [email protected]> wrote: >> >>> Have you ever reconciled this account? If not, the starting balance >>> should have been zero. >>> >>> Regards, >>> Adrien >>> >>> On 7/1/24 4:34 AM, Trevor Richards via gnucash-user wrote: >>> > I am failing to reconcile a CC account. The ledger appears to >>> replicate >>> my statement in the 1st month of transactions. The 1st transaction I >>> entered was the starting balance from the previous month's CC stmt >>> (105.00) >>> and all transactions appear correct in the months that follow. When I >>> try >>> to reconcile this CC account, it tells me my starting balance is >>> 4,448.06. >>> Where did that come from? >>> > >>> > I've searched my GNUcash file and that number does not come up. >>> > Trevor (stumped) >>> >>> _______________________________________________ >>> 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. >> >> >> _______________________________________________ >> 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. >> > > > -- > Derek Atkins 617-623-3745 > [email protected] www.ihtfp.com > Computer and Internet Security Consultant > > -- Derek Atkins 617-623-3745 [email protected] www.ihtfp.com Computer and Internet Security Consultant _______________________________________________ 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. 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