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Gnucash 2.4 Small Business Accounting by Ashok Ramachandran

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Summary

We learned a lot in this chapter about how to reconcile with your bank and credit card company every month.

Specifically, we covered:

  • Manual reconciliation: You learned how to do the reconciliation, if you get printed monthly statements in the mail from your bank or your credit card company.
  • Electronic reconciliation: On the other hand, if your bank or credit card company allows you to download electronic statements, we saw how to take advantage of that to further automate the reconciliation process.
  • Changing or deleting reconciled transactions: We also saw why it is important not to change or delete reconciled transactions.
  • Select the right account to import into: We stressed why it is important in GnuCash to make sure that you select the ...

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