Reconciliation Frustration (Q DLX 2005 PC)

Nov 09, 2006 3 Replies
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Hi all,



I have a question about reconciling a credit card account in Quicken



2005. I have tried to find the answer in the help menu, but have not.

I have gone months without using Quicken. I've not kept up over time with transactions but have now entered all of them. For the account in question, I have verified that every transaction since I got the card is now in the register.



Even so, when I try to reconcile, I get an alert that entries will be needed to allow the reconciliation and I don't want those. It seems it wants to make entries in the 1000's of dollars which will, I assume, throw off my reports.



I guess I reconciled in the past, and maybe that's the reason for the issue, but all I want to do now is start fresh.



Can anyone tell me how to do that? I want to reconcile without big adjusting entries.



Thanks!



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L

Well, that's one way (the most accurate) to solve the problem. But you still might have problems because of Quicken's "Smart Reconcile" which goes out of whack if you change the CLR status of a previously reconciled transaction.

You can try to reset the 'smart reconcile'. Bring up the reconcilliation window for the first un-reconciled month and mark all cleared transactions and let Quicken make the adjusting entries. Delete the adjustments and reset the smart reconcile by manually reconciling a transaction. Click anywhere in a reconciled transaction to select it. Click in the CLR column to change the reconcilliation status from R to blank. You should get a warning (ignore it). Save the changes. Now, change the CLR column back to 'R'. You should get a warning about resetting smart reconcile (which is what you want to do).

At this point check that the reconciled balance in your Quicken register matches the balance on the statement you started with. If not, find where you are missing transactions to account for the discrepancy.

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Yeah, this is getting to my issue. Currently me reconcile window says the last reconciliation was last month since I did attempt to reconcile the account to my October statement. Even though I canceled the process as I saw what it wanted me to do.

In addition, in an effort to try to reset the reconciliation process I went in and marked all the transactions as unreconciled.

You can see the mess I'm > > snipped-for-privacy@evanthibeault.com wrote:

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