confused about bank reconciliations

Jack Linn's Avatar

Jack Linn

Jan 31, 2018 @ 07:58 PM

I am using a demo version of Moneydance. I've been a Quicken user for many years but I don't want to go the subscription route. I've imported my transactions and all looks well. However, I'm confused about the bank reconciliation process. I set up a checking account for online banking and downloaded transactions. After confirming/merging the downloaded transactions the balance agrees with what was in Quicken. However, when I reconcile the account with my last bank statement, there is no place to put the statement date, so all transactions are shown on the reconciliation and the balances do not agree. If I clear the orange dot from the transactions that were after the statement date, it reconciles perfectly. But then I have to go back and mark them as reconciled again. I know that the reconciliation process in Moneydance is different than in Quicken but I don't understand how to reconcile with the bank statement without having to unmark downloaded transactions after the statement date. Thanks for any help!

  1. System closed this discussion on May 02, 2018 @ 08:00 PM.

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