We do have all sorts of movements on bank statements in Europe. Even write off a percentage on Greek bonds. The reconciliation proces may be different however. At least, I do not use the SQL-Ledger function. Let me elaborate.
I use an old fashioned method of entering bank statements (used to be quite common 20 years ago): Enter reverse of ending amount of last bank statement and amount of new bank statement in the first two rows of the journal entry on G/L "bank". You now have: 1) the exact amount of the bank statement on your G/L "Bank Statemtn account 12345678" 2) the delta sum of all transactions as difference in the journal entry at hand. Yoy then enter all amounts, debit and credit, as you like. Oh, If you make a typing error anywhere in the J/E: you will not be able to post it. A nice extra sanity check. Personally I like to use "checking account AR received amounts" and "AP Payed amounts". That way, the moment of entering AR / AP invoices and booking bank statements is seperate. And can even be done by different persons (think bigger organisations). For checking off the A/R and A/P subledgers to the bankstatement amounts I use the payments and receits screen. But even if they are not checked off, I have both A/R and A/R received amounts using same GIFI code. So when I want to now the actual amount on A/P or A/R, i select the report view "use Gifi" and the actual figures show up. Now I am not saying reconciliation function is overfluous, just that there are more ways to peel a potatoe. My check is to see if the amout on the bank statement is the same as in SQL-Ledger. If so, all is well. If not, someone messed up somewhere. And since I check every single bank statement, that will only be in the last statmentk, or somebody entered the Bank account G/L in a journal entry. Both are quite easy to spot. Hth, Paul 2011/7/22 WR Consulting <[email protected]> > On Fri, Jul 22, 2011 at 12:09 PM, Rolf Stöckli <[email protected]> wrote: > ... > > A word to the initial question: In Europe, we don't use cheques, so > probably > > nobody here uses the reconciliation function. For this reason, it is > > difficult for us to find out if the program has an error at this place. > > Do you not have debit transactions of any kind? Those, too, must be > reconciled with the bank statement. > -- > Best Regards, > Wallace > _______________________________________________ > SQL-Ledger mailing list > [email protected] > http://lists.ledger123.com/mailman/listinfo/sql-ledger >
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