|
Posted by Han on February 8, 2008, 6:51 am
Please log in for more thread options
PeaceHere@gmail.com wrote in news:be15fe23-4055-4f67-8c81-3c4992249ea9
@s19g2000prg.googlegroups.com:
> I've have automatic download of my bank's transaction for many
> years. Unfortunately, for unknown reasons, the online balance and
> the ending balance of the bank account in quicken don't match with
> each other. Before I launch the laborious process of figuring out
> what transactions are missing or wrong, but I'd like to begin by
> finding out whether there is an easier way.
>
> I'm thinking of taking out my paper statement for each month, and
> manually enter them in the memo area of blank transaction with the
> correct date. This way, I can compare the bank's balance with the
> registry balance. Still, it's a lot of work, because the discrepancy
> of the 2 balance has been there fore a long time.
>
> I'm not familiar with the reconciliation feature of quicken. Can it
> help me figure out where the mismatch occurred?
>
> I'm using quicken home and business 2005.
>
The way I do it is by marking transactions cleared (little c) when a
download from the bank shows that the they have recorded the transaction.
Then when a statement comes (either paper or electronic) I use the
Quicken reconcile process to mark the relevant transactions R
(reconciled). This will give you the chance to chase down discrepancies
once a month. Generally, if things don't jibe, there is a missing
transaction, a doubled transaction, or a typo. The last s most difficult
to find!!!
--
Best regards
Han
email address is invalid
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap