On Fri, May 17, 2024 at 08:48:04AM +0200, Alan Schmitt wrote:
> > 2023/06/30 * Balance Assertion: AccountName
> >     Assets:Bank:AccountName       $  0.00 = $ 52,289.96
> 
> This looks very useful, but I have trouble understanding how it works
> with past transactions that are not yet reconciled (i.e., not part of
> the balance, yet present and before in the file). Are these transactions
> ignored? If so, the balance will break once they are reconciled in the
> future, won’t it?

TL;DR: you insert balance assertions when you know the balance based on
some source of truth.

My ideal workflow:
- enter transactions, w/ uncleared and/or pending states.
- get the latest bank statement
- add assertions based on bank statement as part of the work to
  reconcile the statement vs the ledger.
- If needed (rare), use intermediate accounts to represent uncleared
  funds. This should only happen if you've made a payment in such a way
  that the bank statement doesn't reflect it yet. The only times for
  Gentoo had previously been cheques that the recipient had deposited
  yet; and those transactions can be moved later to reflect the fact
  that the recipient didn't deposit the cheque for a long time.

My practical workflow:
- I enter data primarily from the bank & paypal transactions in the
  first place, and reconcile vs other sources.

-- 
Robin Hugh Johnson
Gentoo Linux: Dev, Infra Lead, Foundation President & Treasurer
E-Mail   : [email protected]
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