Tracking Last Reconcile
I used to use Microsoft Money and it would keep track of the last date that a reconcile was done. So, every time I went to reconcile the checking account, it would give me the date of the last reconcile and the amount. I liked this feature because I don't wait for statements to reconcile to. I reconcile to the online activity whenever I get a chance to sit down and work on it. Having a reminder of the last date the account was reconciled makes it easier to find the transaction that I need to start on in the bank's list.
Anonymous
shared this idea
Thank you for your suggestion.
However this is already possible in GnuCash. I can give you two options:
1. Open the register for your checking account. There is a reconcile column in there (on character wide) with one of 3 characters in it (in English)
n – not reconciled
c – cleared (ie manually marked as ok, but not verified)
y – reconciled
It suffices to look for the last row with a “y” in the reconcile column and read the balance at that date.
2. On the account hierarchy page, click on the down-arrow in the top right corner. This will reveal a list of available (an visible) columns. Select the columns
Reconciled
Last Reconcile date
And you will have the information available at a glance for all your accounts in one page.
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AdminGeert Janssens
(Core Dev, GnuCash)
commented
Indeed, option 1. is not very reliable. In addition to your reservation there's also the issue of having unreconciled transactions still before the last reconciled date (which really shouldn't be there but can be if you made mistakes after reconciling).
So option 2. is the preferred/recommended option.
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David Breese
commented
Thank you Geert, I was looking for this. Option 2 is a very nice solution.
I will point out, Option 1 will only be reliable if you can be assured there will be at least 1 transaction on the account in every statement period. If there are 0 transactions on the most recent statement, then you won't be able to judge its reconciliation status this way.