Quicken account balances don't match bank balances

Quicken account balances don't match bank balances

Answers

  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭
    With so little detail behind your statement it's really impossible to know how to respond. 
    I guess I'd start off by observing that there's no "natural law" that says your Quicken Account balances must necessarily agree to the banks' balances.  Even if there's no error or omission on your end, the usual timing differences of outstanding checks, deposits not yet posted, fees charged by the bank not yet recorded by you, etc. can easily and regularly result in your Quicken Account balances not matching what the banks show.
    What prompts you to make this statement?  What are you looking at where you expect to see the balances match, but they don't?
  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭
    edited April 14
    Apples and Oranges -
    What bank balance are you looking at - statement, online, pending, etc -
    Same for Quicken - depending upon Reminders and other "future" entries in the Quicken Register - along with Cleared or not -
    Here is our biz checking - lots of different Quicken balances to compare ....

    Quicken Subscription - Windows 10
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Your bank only knows about checks (and deposits) that the bank has received.
    They'll show, in the CLR  column as "R" (you've included that item in a Reconciliation) or "c" (the bank has received the item -- it's cleared -- but you haven't run a Reconciliation that includes that item).
    IF you click on the CLR column, you should see that the last item in your register BEFORE the  items with a blank for CLR, that  the Balance for that figure matches the "Online Balance" at the bottom of the register (as shown in PS56K2's graphic)
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
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