[moneydance] Initial Balance not matching

[Mr. Mark Mecum]

Yes, I added the initial balance in the account setup, but the  
starting balance is different (even accounting for the impact of the  
first transaction on the initial balance).

I went through the entire account (2 yrs of data) and unchecked and  
diamonded every transaction, still no joy).  Sounds like I will need  
to do the Balance adjustment Edward suggested.  Royal PITA.

I have several other issues, so I want to get this cleared up first  
and will probably tap your collective experience for some additional  
help.

Thanks,

Mark

Message: 4
Date: Thu, 13 Sep 2007 23:25:15 -0700
From: Edward Reid <edward at paleo.org>
Subject: Re: [moneydance] Initial Balance not matching
To: General discussion related to Moneydance
	<moneydance-info at moneydance.com>
Message-ID:
	<6.1.2.0.2.20070913231917.065fb650 at mail.messagingengine.com>
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At 14:20 09/13/07 -0500, Mr. Mark Mecum wrote:

> My problem is when the reconciliation dialog comes up, the initial
> balance does not reflect my initial balance in the account, and I
> cannot change it in the dialog.
>

You can't change the reconciliation initial balance because it is  
strictly
the sum of the account initial balance and all reconciled transactions.

If the account in Quicken had an initial balance (from when you first  
set
up the account), then MD does not import this correctly (at least not
always), partly due to limitations of the QIF format. Instead it  
tends to
set up an account with a similar name but X added. If this has  
happened to
you, then edit the account to set the initial balance the same as the  
old
account, and then delete the X account.

Even if you cannot identify the initial amount as the problem, one  
solution
is to simply adjust the initial balance to make the first reconciliation
work. Or you can set up an expense category of "balance adjustments" and
use it to transfer the discrepancy to or from the account. Of course you
probably only want to do this for small discrepancies; for large
discrepancies you probably want to figure out the reason.

Edward