Click back on the Reconcile window, and you should see the service charge now under Funds Out.Ĭlick on it to mark it as reconciled, and note that the difference amount below now becomes 0.00.Ĭlick the Finish button on the Toolbar to complete the reconciliation. This image shows the Checking Account Register with service charge added.ģ. (You will need to create the Service Charges account as type Expense.) Use the transaction date printed on the sample statement as the date you enter for this transaction. On a blank line of the Checking register, enter a transaction to transfer $5.00 from Checking to a Service Charges account. So click on the Checking register and add the $5.00 service charge to your Checking account. If you look at the sampleīank statement, you will see there is a $5.00 service charge that has not been added to your CheckingĢ. Notice that your reconciled balance differs from your ending balance by $5.00. This image shows the reconcile window with a $5 difference. Have checked off all your entries, the reconcile window should look like this: Check off the entries as they appear on the sample statement. Click OK toīegin reconciling the account. Select Actions → Reconcile from the menu, and fill in the Closing balance as $1451.79. This image shows a sample Bank Statement.ġ. Now we are ready to reconcile this Checking account, using this sample bank statement: This image shows the Checking Account Register with an ATM withdrawal. Create the account as Cash as a top-level account of type Asset.įrom your Checking account register, enter an ATM type withdrawal to transfer $100 from Checking to Cash on the 25 of March. You don’t have a cash account set up in your chart ofĪccounts, so you will need to create one. Suppose you now need to withdraw some money. This image shows the Checking Account Register after registering some more checks.ģ. Your checking account should now look like this You will need to create an Expense type account for each of these, thenĮnter splits for them. Write a check to ABC Hardware for $100 (6 of March), and split this amount between two expenses: Your transfer account is Groceries, since all of this money is going to buy groceries. First, write a check to HomeTown Grocery for $75 (5th Now let’s write some checks on this account. This image shows the Checking Account Register.Ģ. Your Checking account should now look like this: Your Transfer account will be Savings, since you are in the Checking account. On a blank line, enter a transaction to transfer $500 from Savings to Checking (In this case, the last transaction date was March 28, but this transfer transaction took place on the March 24). Now we will enter another kind of deposit - a transfer of moneyįrom Savings into Checking. In the last chapter, you entered some paycheck Now open the Checking account from the main window.

Gnucash split transaction tutorial