Credit card reconciliation

Liz
Liz Member ✭✭
edited April 2019 in Quicken for Mac
[rant redacted]
I cannot reconcile my credit card account against my statements.  Quicken seems to be automatically reconciling when I import transactions from the website. There were crazy adjustments added for crazy amounts. I keep ending up with weird discrepancies when there are none.  

Each month just gets crazier even though I've manually checked my register against my Visa statement. [rant redacted]

Comments

  • UKR
    UKR SuperUser ✭✭✭✭✭
    Start troubleshooting by looking at the Opening Balance transaction.
    If it's greyed out (a Placeholder), replace it with a new transaction that has the correct balance for that day. That changes it to a transaction which Quicken will not mess around with.
    Also get rid of any Balance Adjustment transactions.

    Make sure that the "Opening Balance" transaction in your register
    - always is the oldest transaction by Date
    - its amount matches the bank statement balance shown on that day
    - the transaction is marked "R"(reconciled) in the "Clr" column
    - occurs only once in your register
    - if you owe money in a credit card account, the Opening Balance transaction as shown in the register must be a negative amount, e.g., $-123.45

    If the Opening Balance isn't correct, your register balance on any given day will never match the bank's balance on the same date.

    Are you new to Quicken Mac (2015 and newer)?

    Welcome.

    Getting Started with Quicken for Mac
    https://www.quicken.com/complete-guide-getting-started-quicken-2018-mac https://www.quicken.com/quicken-tips with links to more information and videos

    If you haven't done so already, please review these videos for more information about Quicken Mac
    https://www.youtube.com/user/QuickenMac/videos

    Click Help / Quicken Help for additional help on Quicken functions and features.


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