On Quicken's "Statement Summary Page" the lower right hand corner has "Cleared Balance" and "Statement Ending Balance". The "Cleared Balance" agrees with my online bank statement. The "Statement Ending Balance" is lower by $ 1,200. Could somebody explain what is going on? Why the $ 1,200 difference?
Data was obtained by downloading from the bank to Quicken. I am assuming that Quicken is only able to download checks that are cleared and therefore I wonder what "Statement Ending Balance means?
All advise greatly appreciated.
Thanks, Ivan Vegvary