tag:infinitekind.tenderapp.com,2009-01-14:/discussions/switching-from-another-personal-finance-program/718-reconciling-bank-accountInfinite Kind: Discussion 2016-03-19T05:11:11Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/383001542015-10-26T21:33:21Z2015-10-26T21:33:22ZReconciling bank account<div><p>As further clarification after reading several other
discussions, I haven't modified anything whatsoever. I literally
imported the data, entered four reminders for auto debits, and then
went to balance the account.</p></div>Jim Voorhiestag:infinitekind.tenderapp.com,2009-01-14:Comment/383001542015-10-27T23:23:13Z2015-10-27T23:23:13ZReconciling bank account<div><p>Hi Jim,</p>
<p>Have you already set an initial balance for your account? This
is the balance that the account was at at the time of the first
transactions in Moneydance.</p>
<p>To change the Initial Balance of the account, open the account
register and go to Account->Edit Account. You can enter
mathematical equations in the Initial balance field in the account
to calculate the amount it should be. For example if your current
account balance is 1476.62, and the balance shown in Moneydance is
27.65, then enter 1476.62-27.65 (use the minus sign) in the Initial
Balance field and hit enter. Moneydance will automatically
calculate the proper Initial Balance.</p>
<p>If you have and your balance is still off, then it's possible
that at some point you accidentally uncleared an old transaction or
deleted an old transaction after a reconciliation process. You can
check to see if you have any uncleared transactions that you aren't
aware of by using the "Uncleared" button above the register of the
account that isn't balancing correctly, which will filter the
transactions in the register to only show the uncleared ones.</p>
<p>Scott Meehan<br>
Infinite Kind Support</p></div>Scott Meehantag:infinitekind.tenderapp.com,2009-01-14:Comment/383001542015-10-27T23:40:21Z2015-10-27T23:40:21ZReconciling bank account<div><p>I set the initial balance at 0 and haven't cleared or deleted
anything. I<br>
literally imported the data from Quicken, added a withdrawal and
then<br>
started to reconcile. The uncleared items match what was on
Quicken. When I<br>
saw that as a possibility in the help site, that was the first
thing I<br>
checked. I'll go through it again but I don't think that's it.</p></div>Jim Voorhiestag:infinitekind.tenderapp.com,2009-01-14:Comment/383001542015-10-28T13:15:09Z2015-10-28T13:15:09ZReconciling bank account<div><p>Hi Jim,</p>
<p>So your account's balance was $0 at the time of the first entry
in Moneydance?</p>
<p>Scott Meehan<br>
Infinite Kind Support</p></div>Scott Meehantag:infinitekind.tenderapp.com,2009-01-14:Comment/383001542015-10-28T13:58:50Z2015-10-28T13:58:50ZReconciling bank account<div><p>Yes, it was.</p></div>Jim Voorhiestag:infinitekind.tenderapp.com,2009-01-14:Comment/383001542015-10-28T19:30:35Z2015-10-28T19:30:35ZReconciling bank account<div><p>I went through both the Quicken and Moneydance files. The
uncleared items<br>
are identical in both and the running balances check throughout
the<br>
registers. I checked the running balances at a dozen different
transactions<br>
since 2013. They're all identical.</p></div>Jim Voorhiestag:infinitekind.tenderapp.com,2009-01-14:Comment/383001542015-10-29T15:13:06Z2015-10-29T15:13:07ZReconciling bank account<div><p>I've been keeping both sets of files up to date so I went into
the Quicken<br>
version and simply balanced the checkbook without issues. Despite
the<br>
issues I have with Quicken, we do have work-arounds we have
developed that<br>
deal with issues in their latest version. It will be simpler to
just use<br>
the workarounds in the hopes they will find and fix the issues
rather than<br>
deal with the learning curve of new software. As a result, I plan
to<br>
uninstall Moneydance. Is it possible to get a refund of the
cost?</p>
<p>Thanks,<br>
Jim Voorhies</p></div>Jim Voorhies