I want to disable my online AmEx account and revert to paper statements. The Q2003 help says not to revert once I've gone online.
Is that true? Am I stuck with the online process? If not, how can I turn it off?
Is there a reason to turn it off?
I've never tried to do that so I really don't know. But if Q is saying that it's a bad idea I imagine there is a reason for that.
If you really want it disabled I would just start a new account and stop using/archive the current one.
After migrating to a new computer, I'm no longer able to download from it.
Not practical. I have 15 years of personal and business data on it
re/"Not practical. I have 15 years of personal and business data on it"
He didn't say DELETE the old one? Why is that not practical? If you don't want to archive it, simply keep the account 'active' (ie: not hidden).
Assuming you use categories for you spending well, you can still produce consolidated reports for both accounts combined, search the old one, etc. I often have multiple 'closed' VISA accounts when changing banks etc. that hasn't hurt me from a Quicken/accounting point of view.
------------------------------------------------------- Regards -
- Andrew
I don't know about the Q2003 help, but the Q2005 help has a link below the warning (I'm pretty sure it was there in Q2002 also) that tells you "Why" Intuit recommends that you not revert to reconciling to paper statements once you have reconciled to an online balance.
------------------------- First, when you reconcile to your online balance, Quicken marks the transactions as reconciled with an R. If you switch to reconciling to a paper statement, those reconciled transactions will not reappear in the Reconcile window. It will seem that you are missing most of your transactions when, in fact, those transactions are already reconciled.
Also, in the Reconcile Online Account window, Quicken presets your statement opening balance to the ending balance of the previous reconciliation. If you reconcile to an online balance and later reconcile to a paper statement, the opening balance shown in Quicken will disagree with the opening balance on your paper statement.
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I read this to mean that you may have to do some re-reconciling if you switch back to reconciling to a paper statement. It is simple enough to test the waters; make a copy of your file, switch to a paper statement and do a reconcile. If you don't like what you find, don't make the same change in your regular file.
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