Budgeting for a balance adjustment after reconcile

mikn67
mikn67 Quicken Windows Subscription Member ✭✭
edited November 3 in Budgeting and Planning Tools (Windows)

After downloading and reconciling my transactions Quicken created an uncategorized balance adjustment to bring my register in line with my bank account. Should I categorize and create a budget category for it?

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  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    The BEST action would be to figure out WHY the adjustment was created.

    Did your account not reconcile? Because it's when your bank statement and Q's records don't agree that Adjustments get created.

    Can you pull prior bank statements and see if they still agree with Q?

    And, if the adjustment was for a large amount, have you checked to see if the Opening Balance in the account got changed, which can sometimes happen if you change download methods, say from Direct Connect to Express Web Connect(+).

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

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