Reconciliation accepts negative Ending Balance Entry (for CC) but changes to Positive

thallstd Member

I've been reconciling my CC with a neg balance for years. I can now enter the neg Ending Balance in the Use Statement Balance but when I go to the next screen where the items are listed the Statement Ending Balance is chown as positive, throwing the reconciliation out of balance.

Here's a loom vid of this:

I'm running Mac OS 12.7.1 with Quicken version 7.4.2 Build 704.51578.100


  • splasher
    splasher SuperUser ✭✭✭✭✭

    Flagged for mods to move to Mac forum category, not a question about using the community.

    -splasher using Q continuously since 1996
    - Subscription Quicken - Win11 and QW2013 - Win11
    -Questions? Check out the Quicken Windows FAQ list

  • Jon
    Jon SuperUser, Mac Beta Beta
    edited January 8

    That's the way it works. In Quicken, credit card accounts are like any other bank account which means when you spend money it's a negative transaction. That means your credit card account normally runs a negative balance indicating you owe the credit card company money. The balance on a credit card statement OTOH is from the bank's point of view, so when you owe them money it's shown as a positive value on the statement; a negative statement balance is the exceptional case where they owe you money.

    When you reconcile a credit card account to a statement Quicken expects you'll enter the balance as shown on the statement. When you owe the bank money Quicken expects you'll enter a positive number since that what the statement has; Quicken then flips the sign to a negative on the next screen to match the account balance as shown in Quicken.

    Quicken Mac subscription. Quicken user since 1990.

  • thallstd
    thallstd Member

    Thanks Jon. Makes perfect sense. I just don't remember entering the balance as a positive for the last 20+ years.

This discussion has been closed.