CLR column shows 'c' after reconciled

I?m running Quicken 2009 using Windows XP. I have a problem that has developed for some unknown reason. When I perform an ?update now? for my credit card I am able to receive (download) the credit card transactions with no problem. I accept all of the transactions which were downloaded, then click finish to complete the reconciliation process. Each of the transactions, which have been accepted, all have their ?CLR? column set to ?c? rather than ?R? as they should to show they have been reconciled. This only happens for the one credit card account and other functions seem to be fine. I?ve run a ?validate? on the file and it came up clean.

Any ideas on how to correct this would be appreciated,

John Acosta

##-----------------------------------------------## Newsgroup Access Courtesy

formatting link
Tax and Accounting Software ForumsWeb and RSS access to your favorite newsgroup - alt.comp.software.financial.quicken - 19020 messages and counting! ##-----------------------------------------------##

Reply to
watchdog2001
Loading thread data ...

Your assumption that the downloaded transactions should automatically be treated as "reconciled" is not a good assumption. [In my opinion, it's not even a good desire.]

The normal way to treat downloaded transactions is: they are "cleared" transactions: that is; they have "cleared" your real-world account.

To assume that a downloaded transaction is correct is, in my opinion, a leap of faith. But:

Quicken does not assume that every account reconcile should be treated the same way. If you want a Quicken account to "Reconcile to" an "Online Balance", and to"Auto reconcile .... ": you must select those options in the "Reconcile" dialog for the account in question.

And you had better be sure that is what you want to do, since changing the reconcile method for a given Quicken account can create problems.

Reply to
John Pollard

watchdog2001 had written this in response to

formatting link
: John thanks for the response, Maybe I was unclear, I don't want to have Quicken mark all downloaded transactions as an "R" but rather only the transactions that I have accepted and which have matching transactions in the register. I realize that you don't want Quicken to automatically accept all transactions and tag them with a clr flag of "R", as you said that would be a disaster. Until a couple of weeks ago, Quicken was marking all downloaded transactions I accepted with a clr column "R" once I went successfully thru the reconcile process. I had problem with my credit card institution allowing transactions to be downloaded via the "update all" button so I switched to a manual reconcile process. Now that I am able to do a "update all" by downloading from my credit card institution, the problem described above exists. It almost seems as though a date got logged within Quicken when I did the manual reconcile and it thinks I haven't gone thru a successful reconcile session now that I reverted by to downloading transactions.

Regards, John Acosta

------------------------------------- John Pollard wrote:

##-----------------------------------------------## Newsgroup Access Courtesy

formatting link
Tax and Accounting Software ForumsWeb and RSS access to your favorite newsgroup - alt.comp.software.financial.quicken - 19034 messages and counting! ##-----------------------------------------------##

Reply to
watchdog2001

formatting link
>

First: Accepting downloaded transactions isn't really reconciling, despite the fact that Quicken will allow you to combine the two steps.

Second: I didn't say anything about automatically "accepting" downloaded transactions; I mentioned "auto reconciling" downloaded transactions ... automatically giving downloaded transactions a Cleared Status of "R" when you click "Accept".

Third: Rephrasing what I said before; if you tell Quicken to "reconcile to a printed statement", Quicken will mark all Accepted downloaded transactions (New or Match) with a Cleared Status of "c" (and you will need to "manually" reconcile them in a separate step); if you tell Quicken to "reconcile to an online balance" and you tell Quicken to "Auto reconcile ....", Quicken will mark all Accepted downloaded transactions (New or Match) with a Cleared Status of "R". Those reconcile options are set at the account level, and they are in the initial reconcile dialog box (for non-investment accounts activated for downloading).

Quicken does remember those options from reconcile to reconcile; so if they are not currently set correctly, you need to reset them when you start your next reconcile (or by initiating a reconcile and cancelling it after you have set the options but without doing the actual reconcile).

If you have told Quicken to reconcile to a printed statement or to reconcile to an online balance but not to "auto reconcile" (what I think of when you refer to a "manual reconcile process"), and you initiate a reconcile, and you tell Quicken to "mark" the appropriate transactions as "reconciled" (or Quicken "marks" them for you), and you "Finish" the reconcile and those "marked" transactions do not have an "R" in their Cleared Status, I'm not sure what the problem is.

Reply to
John Pollard

watchdog2001 had written this in response to

formatting link
: John, Thanks for the insight... it allowed me to figure out the problem. Although Quicken was set to "reconcile to an online balance" and to "Auto reconcile", it would still mark all Accepted (new/matched) downloaded transactions with a Cleared Status of "c". I unchecked the "Auto reconcile" box and exited Quicken. I started Quicken back up and went back and checked the "Auto reconcile" box. Now the "update all" all works just as you described (and the way it did previously) all downloaded transactions that are Accepted now get tagged with a Cleared Status of "R" when I return to the register. The only thing I can figure is the switch got confused because of me switching reconciling methods a while back. In any event, your excellent explaination gave me the clues I needed.

I appreciate it,

John Acosta

------------------------------------- John Pollard wrote:

formatting link
>>

##-----------------------------------------------## Newsgroup Access Courtesy

formatting link
Tax and Accounting Software ForumsWeb and RSS access to your favorite newsgroup - alt.comp.software.financial.quicken - 19037 messages and counting! ##-----------------------------------------------##

Reply to
watchdog2001

Thanks for posting back.

I don't think that I have ever heard of a problem such as you described here; so I hope that if others run into the same problem, they can benefit from your experience.

Reply to
John Pollard

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.