What happened to the reconcile function on Home Equity loans?
ERGainsborg
Quicken Mac Subscription Member ✭✭
With the most resent update, I can no longer reconcile my home equity account.
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Best Answer
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To the best of my knowledge, there has been no reconcile function for any loan accounts Quicken Mac, frost he old Quicken 2007 to the modern version that started with Quicken 2015 2015.
Since most loan accounts typically have only one or two transactions a month, it's generally pretty easy to just compare the transaction register balance to your loan account to make sure it's correct, and to make an adjustment if it's off.
You could convert your Loan account to a Liability account, and then you would be able to perform reconciliation -- but you lose the loan tracking features.
P.S. Don't ask me to explain the logic of not having reconcile for loans; that's just the way it's been since loans were added to Quicken Mac.Quicken Mac Subscription • Quicken user since 19936
Answers
-
To the best of my knowledge, there has been no reconcile function for any loan accounts Quicken Mac, frost he old Quicken 2007 to the modern version that started with Quicken 2015 2015.
Since most loan accounts typically have only one or two transactions a month, it's generally pretty easy to just compare the transaction register balance to your loan account to make sure it's correct, and to make an adjustment if it's off.
You could convert your Loan account to a Liability account, and then you would be able to perform reconciliation -- but you lose the loan tracking features.
P.S. Don't ask me to explain the logic of not having reconcile for loans; that's just the way it's been since loans were added to Quicken Mac.Quicken Mac Subscription • Quicken user since 19936 -
Somehow with the most recent update it converted it from a "liability" account (which is how I had it originally set up) to a "loan" account. I found the little button to switch it back and now it is functioning like it used to. Thanks0
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