When reconciling a checkbook the initial screen, showing the prior balance and asking for the current balance, etc. always defaults to the day of the month last entered. For example, if the account was last reconciled on February 28, the prompt will be "March 28." This is silly. In every instance, the date prompt should be to the last business day of each month.
Why the last business day? My saving and checking account statements are thru the last day of the month.
-splasher using Q continuously since 1996 - Subscription Quicken - Win11
-Questions? Check out the Quicken Windows FAQ list1
I have account statements that end on the 4th, 11th, 20th, and 21st as well as several on the last day of the month. Some of those vary with weekends and holidays, some don’t. I find the current default (same date as prior month reconcile) quite reasonable.0
q_lurker said:I have account statements that end on the 4th, 11th, 20th, and 21st as well as several on the last day of the month. Some of those vary with weekends and holidays, some don’t. I find the current default (same date as prior month reconcile) quite reasonable.Yes and no. If your bank account closes statements at the last day of the month, then the reconcile statement end date should advance to the correct last day of the month, i.e.
As currently programmed (and it has done this ever since I started using Quicken many years ago), it advances to the same day used in the prior month, correcting for the short February, and then continuing (if not manually corrected) using the same day every month
- 1/31 2/28 3/31 4/30 5/31 ... 12/31
- 1/31 2/28 3/28 4/28 5/28 ... 12/28
The problem here is that the program does not know about the fact that this bank account always closes on the last calendar day in every month and therefore does not know to adjust the date accordingly.
- 1/31 2/28 3/31 4/30 5/30 ... 12/30
What's missing is a flag in Quicken, one for each account, to set the next reconcile end date to
Or may be we can change this without changing Quicken: Let's just send someone out there and push the Earth into an orbit which is exactly 360 days long: 12 months, 30 days each.
- either a fixed date 1...28
- or a floating "last calendar day" varying from 28 to 31 as applicable to each month
Problem solved. And no more leap years.0
Not sure why but when reconciling w/ Quicken, the starting balance is last month's ending balance, as it should be, but the statement ending balance ALWAYS comes up with 1/17/2018/ I'd be OK with it if it were last month's date, or even today's date, but 4.5 years ago? How can I fix this?0