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How to reconcile checking acct?

glennk
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How to reconcile checking acct?

Thu May 02, 2019 12:10 am
Hi.

New user here. I am running KMyMoney 5.0.0 under linux mint. The reconciliation procedure does not seem to be working as described in the user guide. When the wizard starts it asks for the balance info from the bank statement but the opening balance field is not selectable. I don't know where it is getting the number it uses. How do I get the opening balance from the statement into the wizard for the reconciliation?

Also is there any other way than editing each and every transaction in the statement to change the status to Reconciled?

Thanks,
Glennk
mcarpino
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Re: How to reconcile checking acct?

Sat May 04, 2019 5:36 pm
Hi Glennk,

The figure that is calculated in the ending balance of this statement comes from reconciled (R) and any cleared (C) transaction(s) in the ledger. If you select the transactions that are on the statement and clear (C) them in the ledger in KMM when you get to the ending statement balance in the Reconciliation Wizard the ending amount will populate the field. So if you don't clear all the transactions the end amount won't equal your statement amount. You can do 1 of 2 things. Go back to the ledger and clear the missing transactions or change the ending amount to equal the ending statement amount and then move forward into the process and then you can clear the appropriate transactions to equal the ending amount.

I have never looked at the opening balance field so I would say it isn't critical as the ending amount.

When you click finish at the very end of the reconciling process it will automatically change the cleared status to a reconciled status.

 
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