Reconciliation

John52
John52 Member ✭✭
edited October 28 in Reports (Windows)

I am several months behind reconciling my Quicken checking account to my bank statements.

Is there a way to do several months at a time or must I go back and try to do each month separately?

Answers

  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭

    No, you don't really need to do this one month at time, though that's typically easier to deal with if there's any problems that you need to research and solve.

    Basically Quicken calculates the Opening Balance of the reconciliation as all the "R" transactions in the file and uses the date of the last "R" transactions as the date of your last reconciliation. If that information matches what you know to be correct then you should be able to enter the date of your most recent bank statement and the closing balance on that statement, and start reconciling away. Assuming everything works out OK (kind of a long-shot with "several months" situations) you'll be reconciled with all the transactions in between.

    If you want to go that route I'd make a backup before hand just in case things are too messy and you decide to go back to the month-by-month process.

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