update reconciliation page (#633)
Closes https://github.com/actualbudget/docs/issues/485 This is probably hard to review through GitHub as the file name ordering has been fixed too, best look at it through the deploy too.
Matt Fiddaman
GitHub
@@ -14,42 +14,39 @@ By clicking on the green balance in the header of the account view, two more cat
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Click the 🔒 lock icon in the top right-hand corner of the account ledger.
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Let's imagine that we have just checked our account balance for our Ally Savings account and the current balance is $ 1,229.18. We enter the balance we want to match into the Reconciliation tool and press **Reconcile**.
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The tool will tell us exactly how much is different than the budget ledger. Now we can check the Actual ledger against the bank ledger and watch the difference come closer to 0 as you change the cleared status of transactions. In this case, we're looking for transactions that add up to 262.72. This is much easier by looking at the Actual ledger and bank statement side by side to match the transactions.
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Let's imagine that we have just checked our account balance for our Ally Savings account and the current balance is 3012.13. We enter the balance we want to match into the Reconciliation tool and press **Reconcile**.
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When the cleared amount of the Actual account ledger and the value you entered into the Reconciliation tool are the same, the tool will let you know that you are reconciled and you can press done.
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The tool will tell us exactly how much is different than the budget ledger. Now we can check the Actual ledger against the bank ledger and watch the difference come closer to 0 as you change the cleared status of transactions. In this case, we're looking for transactions that add up to 324.82. This is much easier by looking at the Actual ledger and bank statement side by side to match the transactions.
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Upon pressing done, all cleared transactions will receive a lock icon. This represents the fact that they were included in a reconciliation and makes it harder to accidentally change.
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Of course, there's always the possibility you need to change a locked transaction. You can click on the lock of any transaction to open a dialog to unlock it.
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## Using the Reconciliation Tool for Off Budget Asset Tracking
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Some people use off budget accounts to track values of assets such as vehicles, real estate, retirement accounts, or other investment accounts or property. The reconciliation tool is useful to update these values as well. Let's say we have a house that was valued at 358,700 but with current changes in the market it is now valued at 385,000. We go to the ledger for the house, choose the reconciliation tool, and enter 385,000 as the new value into the tool.
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When the cleared amount of the Actual account ledger and the value you entered into the Reconciliation tool are the same, the tool will let you know that you are reconciled and you can press done.
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The tool tells us that we have a gain of 26,400.
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Upon pressing done, all cleared transactions will receive a lock icon. This represents the fact that they were included in a reconciliation and makes it harder to accidentally change.
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We can enter this difference into the ledger. We used **Reconciliation** as the payee, but you can use whatever payee you'd like. By using a payee that is not used anywhere else you can find these adjustment transactions using the search features more easily.
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Of course, there's always the possibility you need to change a locked transaction. You can click on the lock of any transaction to open a dialog to unlock it.
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When you finish entering the transaction, make sure you **clear** it by clicking on the gray checkbox on the right hand side. You should now have a reconciliation tool that is reporting that it is finished and you can enjoy a new higher net worth.
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## Using the Reconciliation Tool for Off Budget Asset Tracking
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Some people use off budget accounts to track values of assets such as vehicles, real estate, retirement accounts, or other investment accounts or property. The reconciliation tool is useful to update these values as well. Let's say we have a house that was valued at 367,800 but with current changes in the market it is now valued at 385,000. We go to the ledger for the house, choose the reconciliation tool, and enter 385,000 as the new value into the tool.
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The tool tells us that we have a gain of 17,200.
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We can use the "Create reconciliation transaction" button to easily create a new transaction that brings the value of the account in line with the new valuation. You should now have a reconciliation tool that is reporting that it is finished and you can enjoy a new higher net worth.
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