Son is giving me Q2006 to install on my pc and then he wants me to keep up his check reconciliation. Has a year end figure of account (12/31/05) but hasn't saved monthly check statements etc but has paper check register. Seems like when I set up account I should put in 2005's balance and then input all the info on the checks he wrote till now.
When he gets his October bank statement I would imagine Quicken shows as his starting balance the December figure and I will input the ending balance from the bank statement and then check off the items that have cleared as well as his deposits.
I see this as missing what was outstanding in December yet will Quicken adjust balance to reflect ending balance from bank statement? Confused..