Switching from Online reconciling back to Paper reconciling

SwampGuy
SwampGuy Quicken Windows Subscription Member ✭✭
edited November 1 in Registers & Transactions (Windows)

I had switched my checking account from Paper to Online reconciling years ago and decided I really preferred reconciling to my paper statements. I went to switch back a few times and received the ominous warning:

bumper.jpg

I finally bit the bullet and made a backup and began my journey.

I clicked "yes" and went back about three years to my checking account statement dated 1/15/2022. I then selected all the transactions from 12/15/2021 to present, right clicked and selected 'reconciliation status' and then selected 'not reconciled'. This reset all my transactions.

I next began reconciling to paper statements beginning with the 1/15/2022 one. When I finished it, I made a balance adjustment in December 2020 and then went through the process and reconciled each statement, sometimes doing two at time.

As a result, I was able to identify multiple missing transactions pretty easily and get myself back on track. The goal was track spending, so identifying missing transactions was key. I thought three years of accuracy was adequate for my goals so that's why I chose 1/15/2022.

Overall, I'm pretty happy with the process and wanted to post this to assist other folks in this position.

Thanks for reading…

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Comments

  • Quicken Anja
    Quicken Anja Moderator mod

    Hello @SwampGuy,

    We appreciate you sharing such a detailed walkthrough. Your step-by-step explanation of switching back to paper reconciliation and identifying missing transactions will be very helpful for others in a similar situation.

    Thank you!

    -Quicken Anja
    Make sure to sign up for the email digest to see a round up of your top posts.

  • q_lurker
    q_lurker Quicken Windows Subscription SuperUser ✭✭✭✭✭

    I’m confused. You had been reconciling to online balances for years, yet either the accounts weren’t balanced or they only balanced through the addition of multiple balance adjustment transactions. Is that correct?

    There is no reason that an account properly balanced to online values would require the 3-years of rebalancing steps you undertook.

    Changing back to paper reconciliations would not cause transactions to be lost or deleted.

    I guess maybe I am missing why you saw the need to switch back.

This discussion has been closed.

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