Statement balance difference

TeriFL
TeriFL Quicken Windows Other Member
in Registers & Transactions (Windows)

Frequently Quicken previous balance is $5.00 off from statement previous balance. Has anyone else experienced this? what causes it? How can I prevent it?

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

    If you're talking about the "Prior Balance" in a Reconciliation, it's the sum of ALL transactions in an account (including prior and future transactions) that have an "R" in the CLR field.

    SO, if you're manually changing a CLR value in the account, if you're adding or deleting transactions that have the "R", or if you're deleting one side of a transfer that and the other side has the "R" … the the Prior Balance of the impacted account will be impacted.

    Also, if you're using QWeb or QMobile, the transactions downloaded from there can sometimes cause a newly downloaded transaction to overwrite a previously recorded one … and thus change the "R"

    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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