Account Balance

Question

I have a checking account set up on Quicken. Why is my net worth different than the amount on the register?

UKR · Answer

That sounds to me like your account is set up using one currency and both the Account Bar and the report default to using a different currency, which is also marked as the Home Currency (see Tools / Currency List if you're using the US version).Take a look at the printed report's page header, e.g.:Transaction - Year to Date 1/1/2022 through 2/12/2022 (in U.S.Dollars)

This indicates the example report shows amounts converted to U.S.Dollars
What currency did you choose when you created the account? Must be a different one ...

NotACPA · Answer

Try running the "banking transactions report for, say, 12/1/21 to present and see what appears.That 2.8% reduction is something that I've never heard of before.If you run the report twice in succession, does each iteration of the report subtract 2.8% from the prior report?

4-H · Answer

I only have the one account.  It is set to show current balance.  Also, when I print reports it is subtracting 2.8% off each entry deposit or withdraw.