Re: [GNC-dev] Using ending balance from OFX file as ending balance of reconcile?
Small correction.. I believe it remembers the last two reconcile dates and chooses the next one based on the time distance between the two. So if you reconcile on Jan 1 and March 1, next one will be May 1. -derek Sent using my mobile device. Please excuse any typos. On January 23, 2020 2:19:05 AM John Ralls wrote: On Jan 22, 2020, at 2:57 PM, David Cousens wrote: Jean Can't rtemember if it was discussed or not but there are possibly good reasons for not using the ending balance of an OFX import as the starting balance for a reconciliation. 1. Depending on when the download is done, the bank may or may not have included all of its charges and interest whereas a statement is usually provided some time after the period of the statement and has all appropriate fees and charges and adjustments included up to the closing date of the statement. By providing a statement the bank is certifying this. 2. Reconciliation is the process of ensuring the accounts transaction record is in agreement with the bank's. The bank considers its records true and correct when it provides a statement of account that is certified to be so. 3. The starting balance of the next reconciliation has to be the ending balance of the previous reconciliation to ensure that no transactions are missed or extra transactions included in the period of the statement. Maybe the situation may become different if and when banks are prepared to declare their download OFX records are true and correct at the time of download. Besides, the reconcile window doesn't necessarily default the reconcile balance to the ending balance, it defaults it to the last running balance on the reconcile date. If this is your first reconcile ever then it does default to today, but if not it defaults to one month after the last reconcile date. Regards, John Ralls ___ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel ___ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel
Re: [GNC-dev] Using ending balance from OFX file as ending balance of reconcile?
> On Jan 22, 2020, at 2:57 PM, David Cousens wrote: > > Jean > Can't rtemember if it was discussed or not but there are possibly good > reasons for not using the ending balance of an OFX import as the starting > balance for a reconciliation. > > 1. Depending on when the download is done, the bank may or may not have > included all of its charges and interest whereas a statement is usually > provided some time after the period of the statement and has all appropriate > fees and charges and adjustments included up to the closing date of the > statement. By providing a statement the bank is certifying this. > > 2. Reconciliation is the process of ensuring the accounts transaction record > is in agreement with the bank's. The bank considers its records true and > correct when it provides a statement of account that is certified to be so. > > 3. The starting balance of the next reconciliation has to be the ending > balance of the previous reconciliation to ensure that no transactions are > missed or extra transactions included in the period of the statement. > > > Maybe the situation may become different if and when banks are prepared to > declare their download OFX records are true and correct at the time of > download. Besides, the reconcile window doesn't necessarily default the reconcile balance to the ending balance, it defaults it to the last running balance on the reconcile date. If this is your first reconcile ever then it does default to today, but if not it defaults to one month after the last reconcile date. Regards, John Ralls ___ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel
Re: [GNC-dev] Using ending balance from OFX file as ending balance of reconcile?
Jean Can't rtemember if it was discussed or not but there are possibly good reasons for not using the ending balance of an OFX import as the starting balance for a reconciliation. 1. Depending on when the download is done, the bank may or may not have included all of its charges and interest whereas a statement is usually provided some time after the period of the statement and has all appropriate fees and charges and adjustments included up to the closing date of the statement. By providing a statement the bank is certifying this. 2. Reconciliation is the process of ensuring the accounts transaction record is in agreement with the bank's. The bank considers its records true and correct when it provides a statement of account that is certified to be so. 3. The starting balance of the next reconciliation has to be the ending balance of the previous reconciliation to ensure that no transactions are missed or extra transactions included in the period of the statement. Maybe the situation may become different if and when banks are prepared to declare their download OFX records are true and correct at the time of download. David Cousens. - David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-Dev-f1435356.html ___ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel
[GNC-dev] Using ending balance from OFX file as ending balance of reconcile?
Has there been any discussion of using the ending balance from an imported OFX file as the ending balance during a reconcile? Currently, the reconcile window shows the account's current balance as the ending balance. But it would make a lot of sense to have an option to replace that by the ending balance as read from the latest OFX import of that account. The workflow would be a lot better than it is currently when importing from OFX. Was that ever discussed? (couldn't find that in the forum) Jean -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-Dev-f1435356.html ___ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel
