In Money, after downloading transactions, you can Accept them, and keep track of what is new as well as verify the correctness of a transaction. Is there something similar in Quicken 2010? I haven't found it by looking for it in Quicken or with Google.
In Quicken, when you downlaod transactions you will be asked to Accept each transaction. If you've been entering transactions into your register(s) more or less as you incur them, then Quicken will match each downloaded transaction with the corresponding one in your register. If you download a transaction that isn't already in your register, then Quicken will add it to the register. Either way, Quicken will ask you to Accept the transaction.
Transactions which are Accepted will have a "c" in the reconciliation column. Trnasaction which you enter manually that haven't yet been matched to a downloaded transaction have a blank in that column. When you Reconcile an account, all of the "c"s will be changed to "R"s.
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It has not asked to accept transactions. In the Clr column, there is either a "c" or an "R". Even bills not yet paid have an "R". A direct deposit received and a phone payment each have a "c", even though I didn't do anything the accept them, and there is a Mark As Reviewed that seems to not really do anything. Is there something I need to set in my preferences somewhere so that it asks to accept the transactions? It seems to be doing it on its own.
I just installed this about a week ago and have not reconciled the account, but there are lots of transactions marked with "R", but most of them were imported from Money so I guess that's reasonable.
Q2010 introduced some new options, one of which is to "Automatically add downloaded transactions to registers".
I believe that new Quicken users get that option set by default, while users converting from earlier Quicken versions have the option set off by default.
You can can manually match non-downloaded transactions to transactions that have been automatically accepted, if Quicken failed to make the match.
To turn off auto-add (and get the "Accept transactions into register" window beneath the account registers):
Edit > Preferences > Quicken Preferences > Downloaded transactions.
Remove the check mark from "Automatically add downloaded transactions to registers".
Thanks. Done. We'll see if that does it.
Well I'm nort sure it's working. I had a couple of online bill pays that were done today, and it shows an R in the Clr column, but then it shows an R for billpays that haven't been paid yet. I can see theat Quicken is going to need some getting used to,. What should be in the Clr column for trancactions that are downloaded but not accepted?
I'm not sure what you're asking since the "Clr" column is not downloaded.
But if you are finding downloaded transactions given a "Clr" status of "R" when they are accepted; chances are you have told Quicken to: a) reconcile to an Online Balance, and b) to Auto reconcile after downloading.
Both those options can be altered by initiating a reconcile with the account register open.
I hadn't even accessed to reconcile function. I did look at it now but didn't reconcile either way. Reconcile to an online balance is not selected.
I guess what I really want to know is, when looking at the register, what distinguishes an accepted transaction from one that is not.
Secondarily, I'm now curious about the Clr column and how the R or c entries there are determined.
Nothing guarantees to tell you that a transaction was downloaded/accepted, and the best indicator is not visible without special effort. [Right-clicking a transaction, then holding down CTRL while left-clicking "Copy transaction(s)". If the downloaded flag is checked and the Posting date is present, the transaction was *probably* downloaded ... but since you can manually set those fields, unless you have a perfect memory, you can't be certain.]
Usually downloaded transactions are given a Clr value of "c" when they are Accepted (however, see my previous regarding auto-reconcile). But you can manually give a transaction a Clr value of "c", so it is an unreliable indicator.
When you complete a reconcile to a paper statement, the newly reconciled transactions will have their Clr value set to "R".
The fact is you can manually set the Clr field to space, "c", or "R" ... so it has little use as a "downloaded"? indicator.
When you download transactions, a list of downloaded transactions appears in a window. For each transaction, you have an option to ACCEPT it. If you ACCEPT it, it will be transferred to the register. If you do NOT accept it, it goes to limbo somewhere, but it is NOT transferred to the register, and does not appear in the register.
When you ACCEPT a downloaded transaction in to the register, a 'c' appears in the Clr column. This indicates that the transaction has been "cleared". The 'c' indicates that Quicken knows about the transaction, and that the Bank knows about the transaction, and that the two entries, in Q and the Bank, agree with one another.
When you do a Reconcile, an 'R' will appear in the Clr column for all Reconciled transactions. The 'c's will be converted to 'R's.
You can also manually toggle between ' ', 'c', and 'R' by clicking in the Clr column of a given transaction.
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