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gnucash/doc/html/C/xacc-recnwin.html

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<!DOCTYPE html PUBLIC "-//IETF//DTD HTML//EN">
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<link rel="stylesheet" title="normal" type="text/css" href=
"gnucash.css">
<title>Reconciliation Window</title>
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<h1>Reconciliation Window</h1>
<p>The Reconciliation window is used to reconcile your GnuCash accounts
with statements that banks or other institutions send you.</p>
<p>For example, when you write a check for something, you
should enter the transaction into GnuCash. The reconciliation (R)
field of the transaction will initially contain 'n' (not reconciled).
Later, if you think that the check has been cashed, you might click on
the transaction's R field to change it to 'c' (cleared, but not
reconciled).</p>
<p>At the end of the month, you receive your bank statement,
perhaps including canceled checks. At <em>that</em> point, you
should "reconcile" the account, that is, match your personal
records with the documentation provided by the bank.</p>
<ul>
<li><p>Open the reconcile window by selecting 'Reconcile...' from the
'Accounts' menu of the account's <a href="xacc-regwin.html">Register
window</a>. GnuCash will prompt you for some information from the
statement:</p>
<p><img src="recninfo.gif"></p>
</li>
<li>
<p>Enter the date of the end of the period that the statement covers,
and the final balance from the statement, and press 'OK'.</p>
<p>The Reconcile window will pop-up. The reconcile window looks
like this:</p>
<p>
<img src="recnwin.gif">
</p>
<p>The 'Funds In' and 'Funds Out' groups lists all the unreconciled
transactions. The '?' columns show whether the transactions have
been cleared or reconciled.</p>
</li>
<li>
Now, examine each item on the statement.
<p>Look for the matching item in the Reconcile window. If you
cannot find one, then perhaps you forgot to enter a transaction, or
did not know that the transaction had happened. You can use the
'New' button on the tool bar, or the 'New' menu item in the
'Transaction' menu, to open a register window and enter the missing
transaction. The new item will appear in the Reconcile window when
you press 'enter' after entering the transaction.</p>
<p>When you find the item in the Reconcile window, compare the
amount to the amount on the statement. If they disagree, you may
have made an error when you entered the transaction in GnuCash.
You can use the 'Edit' button on the tool bar, or the 'Edit' menu
item in the 'Transaction' menu, to open a register window and
correct the transaction.</p>
<p>If the amounts agree, click on the item in the Reconcile
window. The '?' column will change to 'y' (reconciled) from 'n' or
'c'.</p>
<p>You then repeat this for each item that appears on the
bank statement, verifying that the amounts match with the
amounts in GnuCash, and marking off transactions in GnuCash
as they are reconciled.</p>
</li>
<li>At the bottom of the window is a difference field, which
should be 0 when you are done reconciling. If it isn't,
then you have either missed transactions, or some amounts may
be incorrect in GnuCash. (Or, probably rather less likely,
the bank may have made an error.)
</li>
<li>When you have completed marking off all the items on the
bank statement, and when the difference is 0, you
may press the Finish button on the tool bar, or select the 'Finish'
item from the 'Reconcile' menu. The Reconcile window will close. In
the Register window, the R field of the reconciled transactions will
change to 'y'.
</li>
</ul>
<hr>
<p>Return to <a href="xacc-main.html">Main Documentation
Page.</a></p>
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