Rick...The only mistakes I've ever seen with downloaded transactions is
when either there is a duplicate for some reason, or one is missing
altogether, and those have been few and far between.
Whenever I write a check I enter it manually, so that my balance in the
Quicken register is actual, not just cleared transactions. In the case of
credit card transactions, I wouldn't bother, because nothing will be
taken out of my cash accounts until I make a payment.
Russ downloads and enters his credit card transactions daily, as they
download ( i.e., clear the credit card company). It does, indeed keep
you absolutely up to date and aware of any possible errors or ID theft,
but frankly, I haven't had time to do that. I just eyeball the downloads
and then accept them when the statement comes in.
Babette
On Sat, 4 Apr 2015 17:09:47 -0400 "" <dmarc-noreply@xxxxxxxxxxxxx>
(Redacted sender "VISTAPAY@xxxxxxx" for DMARC) writes:
These problems have occurred to me, too. That is why I never use the bank
downloads and manually make the additions-in all of my accounts and
credit cards.
I use the reconciliation function to prove the bank vs. my statements and
have found mistakes on both sides.
If you do this when you make transactions on a daily-or frequent-timing,
it removes the doubts and brings you closer to your finances.
It works for me, but probably not for everybody.
Dick
You have to take the cards that life deals you--you can't always choose
your cards-June Fowler
In a message dated 4/3/2015 5:12:56 P.M. Pacific Daylight Time,
symphony313@xxxxxxxxxxx writes:
Holy sardines, Irma's problem scares me.
From: irmbo@xxxxxxxxxxx
To: ggcsquicksig@xxxxxxxxxxxxx
Subject: [ggcsquicksig] big trouble reconciling
Date: Fri, 3 Apr 2015 15:48:05 -0700
Hi Babette,
(I realize the timing of this request for help is not good, being that
this is a holiday weekend.)
I�m having an awful time reconciling my visa account in Quicken 2014.
Usually when I finish downloading there are no outstanding charges.
However, now nothing balances. I found a few transactions that hadn�t
downloaded, so I went back to the bank list of transactions and
downloaded the missing items. They are now successfully downloaded but
are designated as cleared, as opposed to reconciled (from January�this
problem has been building since then). With each one the difference
between the cleared balance and the statement balance got larger. The
difference is now $1000.
A couple of transactions were duplicates. This surprised me, because
generally a transaction only downloads once. I deleted the duplicates.
When I open the Reconcile Online Account tab it doesn�t allow me to put
in the March ending balance�instead it has a fixed amount that is
supposedly my current ending balance.
Should I reconcile it with the online balance?
Thanks,
Irma
=
