Why is Quicken Reconciling Against Transactions Not Yet downloaded from my bank to the Register

Question

Quicken Reconciling Against Transactions Not Yet in the Register.  It wants me to reconcile with a cleared balance that showing a number that says 178.10 needs to be deducted from Quicken register.  When I go to my bank, it shows 3 transactions processing for 178.10.  Why is Quicken reconciling against transactions that aren’t in my register but are processing at the bank?

Paddy · Answer

This is a new behavior from Quicken.   I have never seen this before.  Quicken is also downloading pending payments to a vendor which won’t be delivered until December 5th.  I think there are a few bugs introduced in the last update.

NotACPA · Answer

It sounds like you're using the option to reconcile to the Online Balance, not a statement balance, and your bank has already deducted that $178.10 from  your online balance.