new year, fresh start! Now, how do I balance to the next statement?
I've been YNABing(classic) for quite some time now. my current budget has a couple of years transactions spread across a half dozen or so bank and card accounts. I wanted to blow out the cobwebs but don't know how fresh start will affect the statement balancing process. how do I handle the next statement cycle? seems lots of transactions will be missing. Thanks!
Hi Sky Blue Clarinet !
After doing a Fresh Start, you'll reconcile to your current account balance. Let's say your statement cycle runs from the 1st-30th and you made a Fresh Start on the 15th. Your Starting Balance on the 15th will be the total of all your previous transactions (so that balance should match your account balance after your 1st-15th transactions). You can then compare your actual transactions from the 15th-30th to your bank statement and everything should match up. :)Reply