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 right account to import into the first time you import into an account.

• Recovering from the wrong selection of an account: If you pointed to the wrong account, we showed how you can recover from such a mistake.

Reconciliation won't help you with any other...