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Wrong prior balance

Started reconciling my last 3 bank statements in quicken (Oct - Dec). The prior balance was off by 0.42 so I corrected it in the reconcile detail - prior balance dialog. Quicken ended up making a .42 reconciliation at the end. No big deal. Except on my next statement, the prior balance is also off by .42 and the next statement the prior balance is also off .42 and quicken makes a .42 adjustment on every statement reconciliation now.

Quicken premier 2020 r30.14 27.130.14

Please advise
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Answers

  • splashersplasher SuperUser ✭✭✭✭
    If the beginning balance of the reconcile is changing from what they were, it is because the Reconciled transactions have changed.

    The opening balance of the reconcile is the sum total of all of the R transactions in the register and is calculated at the time of reconciliation and not stored for future reference.

    What could change that # is one of the following:
    1. a blank or C was changed to a R
    2. an R was changed to a blank or C
    3. the amount of an R was changed
    4. a new transaction was marked R to begin with
    5. a R transaction was deleted
    IMHO, not finding the difference and allowing Quicken to make an adjustment is always a big mistake.

    -splasher  using Q since 1996 -  Subscription  -  Win10
    -also older versions as needed for testing
    -Questions? Check out the  Quicken Windows FAQ list

  • Sherlock61Sherlock61 Member
    I have been using Quicken since 1998. Each month I reconcile Quicken with my printed bank statement to the penny. I have found errors I've made over the years in individual transactions but I believe there is a Quicken flaw now involving "Prior Balance" in the reconcile window.

    The last 2 months the prior balance has been off by over $2800. Again, each of my accounts is balanced to the penny each month and I have never let Quicken do a balance adjustment to make it appear balanced. Last month I let it do the balance adjustment, but now that I am reconciling the December statement, the prior balance is wrong again. It does not remember the correct prior balance I entered last month so the error is repeating. I have gone through every transaction over the past 3 months and there are no errors when compared to my bank statement. I am the only Quicken user in the family and I do not change the status (R, C etc) in the transactions.

    I see posts back to 2018 with this problem and several people posting this week.
  • splashersplasher SuperUser ✭✭✭✭
    @Sherlock61
    While you might not knowingly change the status of a transaction, that does not prevent a transaction from being created with a status of "R" based on a Memorized Payee that has the status set to "R".
    If this happens, the prior balance will change.

    -splasher  using Q since 1996 -  Subscription  -  Win10
    -also older versions as needed for testing
    -Questions? Check out the  Quicken Windows FAQ list

  • SherlockSherlock SuperUser ✭✭✭✭✭
    If the prior balance has changed, a reconciled transaction has been added, modified, or deleted.  To determine the source of the change, I suggest you compare the running balance of the account register in the current Quicken file with the running balance of the account register from a Quicken file backup saved when the account was last reconciled.  One way to accomplish this is to print the registers to text files.
    Quicken user since 1997
    Premier on Windows 10
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