Starting a new year

[Derek Atkins]

hendrik at topoi.pooq.com writes:

> I recently started a new file for 2008, after using the previous one 
> since 2005.  The only reason is that over the years some accounts became  
> unreconcilable because of lost statements.  If there was some way of 
> pseudoreconciling transactions from the past so that reconciliation 
> could be done again, I would have had no need to start a new file.  Of 
> course, those pseudoreconciled transactions should be marked in some way 
> so that later I know they weren't reconciled against an actual statment 
> but are just actin as if.
>
> I noticed no reduction in startup time when I started using a new, 
> smaller file.  Perhaps I could measure it with the proper tools, but for 
> me it was not significant.

Reconciliation is always from the start of time until the reconcile
date.  This means that in order to reconcile at date T0 you effectively
reconcile everything BEFORE T0..  For example, if you reconcile
on 12/31/2007 that means you've got to have reconciled everything
prior to that.  If you're missing the April 2007 statement then
either you guess (based on the May 2007 starting balance) or you can
never reconcile the account again.

I'm not sure what you mean by pseudo-reconciled.   But there's no
need to start a new file because you can (usually) figure out what
you missed by going across months.

> -- hendrik

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available