John Roehm.   JohnO Roehm Jr's Avatar

John Roehm. JohnO Roehm Jr

30 Apr, 2021 11:55 PM

I started using Moneydance in Feb. I found Reconciliation difficult and unsatisfactory for Feb. and March. I have forgotten all my frustrations and I allowed my account reconciliation to be incomplete and inaccurate. My thought was the "learning curve" and it was my fault. Today I go to reconcile my April Statement and the 1st screen asks for opening balance and it says $0.00 and this is not changeable..
MoneyDance software is "incomplete and inaccurate".
Can you help?
(I presume the question at the bottom means multiplication and not division. 3 x 3 or 3/3. or 3*3. ??

  1. 1 Posted by dwg on 01 May, 2021 12:10 AM

    dwg's Avatar

    I'm a fellow user.

    The Beginning Statement Balance on the reconcile window is a calculated value, which is:

    Initial Balance of the Account + Cleared Deposits - Cleared Payments

    If this is 0.00 then it means you have not set an initial balance nor have you marked any transactions as cleared.

    The following Knowledge Base article describes the process:

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