How to reconcile when statement is different from downloaded transactions?

Involute
Quicken Windows Subscription Member ✭✭
I've been reconciling my Visa statement within Quicken with downloaded transactions for years. I was out of town for several days when my latest billing cycle closed, so when I got home and tried to reconcile, there were a lot more transactions downloaded (that had occurred after the end of the last cycle) than there were on the statement. As a result, the "Statement Ending Balance" (which is a terrible name since it's not the balance on my statement, but the balance within Quicken) is a lot bigger than my cleared balance (which matches my actual statement perfectly). If I click "Done" in the Reconcile dialog, Quicken wants to add an adjustment; how would I deal with that in my next billing cycle? If I don't click "Done," I can't complete the reconciliation.
Tips appreciated! :/
Tips appreciated! :/
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Best Answer
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Involute said:When I reconcile my checking account, I'm shown a dialog that let's me enter the ending balance and closing date before proceeding to the Reconcile dialog. When I reconcile a credit card, I don't get this initial dialog so I have no way to see or change the date and balance. None of the buttons on the Reconcile dialog bring it up.1
Answers
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If you are reconciling a register to a statement obtained from a financial institution, the Statement Ending Balance should be the closing balance on the statement and the Statement ending date should be the date of the closing balance on the statement.0
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When I reconcile my checking account, I'm shown a dialog that let's me enter the ending balance and closing date before proceeding to the Reconcile dialog. When I reconcile a credit card, I don't get this initial dialog so I have no way to see or change the date and balance. None of the buttons on the Reconcile dialog bring it up.0
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Involute said:When I reconcile my checking account, I'm shown a dialog that let's me enter the ending balance and closing date before proceeding to the Reconcile dialog. When I reconcile a credit card, I don't get this initial dialog so I have no way to see or change the date and balance. None of the buttons on the Reconcile dialog bring it up.1
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Thanks. That did it!0
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