Cleared vs. Reconciled

moneydance's Avatar


13 Jul, 2018 05:19 PM

I find the distinction between Cleared and Reconciled in Quicken to be very useful. For me, Cleared indicates a transaction that has been downloaded from the Financial Institution. Reconciled indicates a transaction that has been matched against a monthly statement. Also, changing a Reconciled transaction asks me first whether I am sure before actually changing the transaction.

(1) Does Moneydance have a good reason for eliminating this distinction?
(2) If not, could it be added?

  1. 1 Posted by quotient on 13 Jul, 2018 05:53 PM

    quotient's Avatar

    I'm just a user, not support.

    The nomenclature in MD is different than in Quicken, but all the same distinctions are there.

    In MD, downloaded transactions are marked with a solid blue circle. When the transaction is "Confirmed" (that is, you have decided to accept it into the account register) the solid blue circle becomes a blue outline of a circle. The blue circles have nothing to do with the status of a transaction in terms of reconciliation.

    Under the "C" column in the register, the indicators are blank (not reconciled/cleared), an orange/yellow diamond (being reconciled/cleared) and a solid green circle (reconciled or Cleared).

    Here's a link to downloads and the blue circles:

    Here's a link to reconciling:

    There is a setting of interest here. Under File-->Preferences-->Network there is a setting "Mark Transactions as Cleared when Confirmed". If that is checked, each time a transaction is confirmed (solid blue circle to blue circle outline) it will be marked Cleared (with the solid green circle). Maybe that is how your MD installation is set up?

  2. System closed this discussion on 12 Oct, 2018 06:00 PM.

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