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Posted by PatJennings on April 13, 2007, 2:46 pm
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Thanks John and L for your assistance.
After further review, I believe I was in error in my earlier remarks. I'll
need to check after another check clears my account. Here's what I think
has been happening:
It is just recently that my bank has provided download capability. Prior to
that I had entered all transactions manually - either through checks I was
printing or writing by hand and from ATM activities.
I think I may have been confusing the "by hand" and "printed" check
activities. So, that will remain a thing to verify with new checks.
Now, as to the Automatic Reconciliation: I had not heard of that option
being available until this discussion I went into Help and read about it.
Then I proceeded to verify the setting on my account. Auto reconcile is not
active, and I would have to say, has never been so. Yet, my register shows
the R symbol on transactions that I have not reconciled - as of yet.
Perhaps I'll be able to discover a logical explanation. I must be
overlooking or misunderstanding something. I'll get it sooner or later.
Sincerely,
Pat
>> Between the time of my last message and your response, I accepted the >
>> transactions - which I then had to modify, restoring the original dates
>> that I wrote the checks and restoring the payees.
>
> You accepted all the downloaded transactions as new entries??
>
>> This is significant in that by keeping the downloaded transaction as
>> downloaded, my yearly history is out of kilter: December payments
>> clearing in January, and complete and utter loss of the original payee.
>> For example replacing "12/13/2006" and "US Treasury" with "!/31/2007" and
>> "check # 6287 Ref # 020100263" in the payee field serves no meaningful
>> purpose. Compound that by having to search the returned checks for the
>> accurate information and reenter it is folly.
>
> I've been using Quicken for over a decade.
>
> In all that time accepting a downloaded transaction has NEVER changed an
> existing entry in my register.
>
> NEVER
>
> If I write a check to "US Treasury" on 12/31, and enter it into my
> register, it remains unchanged unless and until I modify it. At the time I
> download transactions from the bank, they either
>
> -- match automatically (sometimes an issue if I, for example, withdraw $20
> cash on a day a $20 written check cleared, as Quicken wants to match the
> $20 amounts)
>
> -- need to be matched manually (if, for example, the reference numbers do
> not match)
>
> -- need to be edited or deleted.
>
> In any of the above cases, it is the downloaded transactions that are
> being modified.. NOT the ones already in my register.
>
> Quicken DOES NOT replace payee names, memo fields etc. to existing
> transactions.
>
>
>> Then, items beyond (in time) that have been downloaded and for which I
>> have not performed a statement reconciliation are appearing in the
>> register as "R". > How is that happening?
>
> There is an option to auto reconcile after downloading transactions, to
> the online balance. You have that option turned on.
>
>> To clarify, I am reconciling February's bank statement. Items in March
>> are marked "R". I have not as of yet reconciled March's statement.
>
> Check the reconciliation options for the account. If you want STATEMENT
> reconcile, you must choose to reconcile to your statements each month, and
> NOT to your online balance.
>>
>> What am I doing wrong? Thanks for your assistance.
>>
>
>
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