Bringing Quicken entries up to date after absence

Posted by Just me on January 28, 2008, 8:50 am

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What would be your strategy for bringing Quicken entries up to date
after not having had access to it for six weeks?

Would you tackle accounts one at a time beginning from when you
stopped and bring them current? I.e., would you start with updating
maybe your checking account, then the credit card accounts, then the
cash account, etc., until you are finished?

Or would you try to update all accounts at the same time by entering
all transactions chronologically as they occurred?

Thanks!

George
gearlnospamno@nospamcomcast.net

Posted by TomYoung on January 28, 2008, 10:00 am

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> What would be your strategy for bringing Quicken entries up to date

> after not having had access to it for six weeks?

> Would you tackle accounts one at a time beginning from when you

> stopped and bring them current? I.e., would you start with updating

> maybe your checking account, then the credit card accounts, then the

> cash account, etc., until you are finished?

> Or would you try to update all accounts at the same time by entering

> all transactions chronologically as they occurred?

I'd do it one account at a time as it strikes me as much easier and
simpler that way. Of course, some entries *are* going to affect
multiple accounts (e.g., payment on credit card from checking) so
you'd want to be careful not to enter the same transaction twice as
you move from account to account. As always, an essential element of
good accounting is to be sure your accounts balance/reconcile to
statements available from the various financial institutions you deal
with.

Tom Young