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Account out of balance. Don't know why.

Transferred Quicken and files to a new computer 2/5. Old computer windows 7. New one, windows 10. Before the transfer, the checking account was updated, reconciled and in balance. On opening the account on the new computer, and after one step update, reconciliation shows me some $400 out of balance apparently requiring a $400 negative adjustment to my account. Any idea what happened? Any suggestions re a "work around"? How did $400 "just disappear?"

Answers

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Pull out your checking statements and go backwards in time until Q and the ending balance on the statement agree.
    Then UNreconcile everything after that point and re-reconcile the account, month by month, until you identify the error.
    And, $400 might have disappeared if you manually changed a reconciled transaction ("R" in the CLR field) to another value or manually changed another value to "R" or if you deleted the other side of reconciled transfer.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Moorhatch
    Moorhatch Member ✭✭
    Good suggestion but (and to help me understand), if I reconciled my Quicken account to my bank's balance on 2/5 they were in balance There were only 5 transactions after that date. They came to some $700 and the account comes up $400 short. How? Why? Q and the bank's balance agreed on the 5th.
  • Hello @Moorhatch

    Thank you for reaching out on the community and telling us about your issue. I do apologize for the issue you're having. I would recommend taking a look at the reconciliation article here that goes over a couple of different troubleshooting steps. 

    https://www.quicken.com/support/reconciling-account-quicken-windows

    Once you get a chance I would take a look at this and see if you're able to find where we're having issues. If not we'll see what we can try next.

    Thanks,

    Quicken Francisco


  • Moorhatch
    Moorhatch Member ✭✭
    Problem solved ( it helps if one follows directions.) Deactivated on line for the account, validated the file then reactivated on line. The missing $400 reappeared. All is well with the world (if I ignore COVID). Thanks for the feedback.
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