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Subject Author Date
recover from accepting an unmatched transaction Marc Auslander 01-10-2008
Posted by Marc Auslander on January 10, 2008, 9:13 am
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 sometimes I accidently accept a checking account transaction which is
"new" because it didn't match correctly. now I have the reconciled
downloaded entry and the original unreconciled entry.

I'd love to force a match, of course, but its too late.

What are my options?

what i did this time was to delete the downloaded entry (with the
warning that i was deleting a reconciled entry) and manually marked
the real entry as reconciled. is this safe?

Posted by John Pollard on January 10, 2008, 12:26 pm
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 Marc Auslander wrote:
> sometimes I accidently accept a checking account transaction
> which is
> "new" because it didn't match correctly. now I have the
> reconciled
> downloaded entry and the original unreconciled entry.
>
> I'd love to force a match, of course, but its too late.
>
> What are my options?
>
> what i did this time was to delete the downloaded entry (with
> the
> warning that i was deleting a reconciled entry) and manually
> marked
> the real entry as reconciled. is this safe?

I can't tell you for certain whether it's "safe" or not because
I don't reconcile to an "online balance", but to my "paper
statement". My guess is there is nothing major to worry about.

But I can tell you what you lose: the "posting date" and the
fact that the transaction was, in fact, "downloaded".

Losing the posting date could create problems if you later
decided to try to switch to reconciling to a paper statement.
Losing the "downloaded" status means that the register
transaction will remain a candidate for future "match"
(including "Manual Match") attempts.

You can overcome both drawbacks by noting the "posting date" of
the downloaded transaction before you delete it, then modifying
the remainging transaction to have that posting date.

To view, or modify, the posting date: right-click the
transaction; hold down CTRL while left-clicking "Copy
Transaction".

When you modify the posting date for the remaining transaction,
you should also put a check mark in the "Downloaded" box.

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup



Posted by jo on January 16, 2008, 9:27 pm
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> Marc Auslander wrote:
> > sometimes I accidently accept a checking account transaction
> > which is
> > "new" because it didn't match correctly. =A0now I have the
> > reconciled
> > downloaded entry and the original unreconciled entry.
>
> > I'd love to force a match, of course, but its too late.
>
> > What are my options?
>
> > what i did this time was to delete the downloaded entry (with
> > the
> > warning that i was deleting a reconciled entry) and manually
> > marked
> > the real entry as reconciled. =A0is this safe?
>
> I can't tell you for certain whether it's "safe" or not because
> I don't reconcile to an "online balance", but to my "paper
> statement". =A0My guess is there is nothing major to worry about.
>
> But I can tell you what you lose: the "posting date" and the
> fact that the transaction was, in fact, "downloaded".
>
> Losing the posting date could create problems if you later
> decided to try to switch to reconciling to a paper statement.
> Losing the "downloaded" status means that the register
> transaction will remain a candidate for future "match"
> (including "Manual Match") attempts.
>
> You can overcome both drawbacks by noting the "posting date" of
> the downloaded transaction before you delete it, then modifying
> the remainging transaction to have that posting date.
>
> To view, or modify, the posting date: right-click the
> transaction; hold down CTRL while left-clicking "Copy
> Transaction".
>
> When you modify the posting date for the remaining transaction,
> you should also put a check mark in the "Downloaded" box.
>
> --
> John Pollard
> First initial underscore Last name at mchsi dot com
> Please reply to newsgroup- Hide quoted text -
>
> - Show quoted text -

Interesting. All this time and I never knew about there was a hidden
posting date and the download/ matching issues. Is this technique of
Ctrl + Copy documented in some obvious section? Thanks for bringing
it up.

jo

Posted by John Pollard on January 17, 2008, 10:02 am
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jo wrote:

> Interesting. All this time and I never knew about there was a
> hidden
> posting date and the download/ matching issues. Is this
> technique of
> Ctrl + Copy documented in some obvious section?

I learned about the hidden "posting" date here, quite a few
years ago, from a poster named Bill Pierson (sp?) who, I think,
used to work for Checkfree.

I don't recall ever seeing info about the posting date in
Quicken Help, but I do think I saw it once in an Intuit kb
article ... but I don't recall how I found that article.

I think that an Intuit employee confirmed the basics of the
recording/use of the posting date in an Intuit Quicken forums
post, quite a while back.

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup



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