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Posted by _pub01 on November 9, 2006, 10:13 am
Please log in for more thread options Yeah, this is getting to my issue. Currently me reconcile window says
the last reconciliation was last month since I did attempt to reconcile
the account to my October statement. Even though I canceled the process
as I saw what it wanted me to do.
In addition, in an effort to try to reset the reconciliation process I
went in and marked all the transactions as unreconciled.
You can see the mess I'm in.
I'll get back to it tonight and try your suggestions.
Lisa C wrote:
> > _pub01@evanthibeault.com wrote:
> >> Hi all,
> >>
> >> I have a question about reconciling a credit card account in Quicken
> >> 2005. I have tried to find the answer in the help menu, but have not.
> >>
> >> I have gone months without using Quicken. I've not kept up over time
> >> with transactions but have now entered all of them. For the account in
> >> question, I have verified that every transaction since I got the card
> >> is now in the register.
> >>
> >> Even so, when I try to reconcile, I get an alert that entries will be
> >> needed to allow the reconciliation and I don't want those. It seems it
> >> wants to make entries in the 1000's of dollars which will, I assume,
> >> throw off my reports.
> >>
> >> I guess I reconciled in the past, and maybe that's the reason for the
> >> issue, but all I want to do now is start fresh.
> >>
> >> Can anyone tell me how to do that? I want to reconcile without big
> >> adjusting entries.
> >
> > Go back to the first month since your last successful reconciliation
> > and start from there.
> > Go month to month with the corresponding statement. Do not proceed to
> > the following month until you've done with the one before - somewhere
> > you'll find the discrepancy.
> >
> Well, that's one way (the most accurate) to solve the problem. But you still
> might have problems because of Quicken's "Smart Reconcile" which goes out of
> whack if you change the CLR status of a previously reconciled transaction.
>
> You can try to reset the 'smart reconcile'. Bring up the reconcilliation
> window for the first un-reconciled month and mark all cleared transactions
> and let Quicken make the adjusting entries. Delete the adjustments and reset
> the smart reconcile by manually reconciling a transaction. Click anywhere
> in a reconciled transaction to select it. Click in the CLR column to change
> the reconcilliation status from R to blank. You should get a warning (ignore
> it). Save the changes. Now, change the CLR column back to 'R'. You should
> get a warning about resetting smart reconcile (which is what you want to
> do).
>
> At this point check that the reconciled balance in your Quicken register
> matches the balance on the statement you started with. If not, find where
> you are missing transactions to account for the discrepancy.
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