} } > *somehow* quicken's transaction downloads downloaded a deposit twice. } > So I thought I had a fair bit more money in my account than I really did. } > When I reconciled it [just a few minutes ago] the reconcile told me that I } > needed to put in a balance adjustment because the bank's balance was } > smaller than the total of the 'reconciled' transactions. } >
} > When/how would "online reconcile" have told me that my balance was telling } > me I had more money in my account than I really did?
} So in the methodology I use and described, even if Q did download the } same deposit twice, that would be a problem since I look and ACCEPT each } transaction ONE AT A TIME. If I had already accepted a deposit, I could } immediately see that a second one was being presented and would DELETE } that one before it even got into my register. I never use the ACCEPT } ALL function.
That's nice in theory -- I do the same. BUT: note that when you accept transactions the register is about half-high and if the date on that duplicate deposit that I caught was far enough in the past it wouldn't have shown in what I could see as I accepted transactions. I then puts the new transaction at the end of the register, and only sorts it into place [where, if I knew to look, I might have noticed the duplicate] when I close and re-open the register. I *never* do "accept all" -- I, too, want to sanity check the transactions. In this case it was a legit deposit, just duplicated, and I can't remember what happened last week or two weeks ago so had no clue [until I reconciled] that I had a duplicate.
I can't recall another instance of this kind of thing happening, so it isn't a frequent problem, but still: I think that it would _never_ have gotten caught by doing 'online reconcile', would it??
----------------------------------------------------------------------
That depends.
If the downloaded online balance was correct, the Quicken reconcile would not have balanced. You would certainly have noticed that.
If the downloaded online balance was off by the same amount as the duplicate transaction, the Quicken reconcile would have had no way to catch that. Just as if you reconciled to a paper statement and manually entered a current balance that was off by the amount of a duplicate transaction.
The problem that more often occurs is that the downloaded transactions are correct, but the downloaded online balance is incorrect. There is no way around that but to either: wait for another download that has correct transactions and a correct online balance; or reconcile to a paper statement where you reconcile to a balance that you manually enter.