
The scheduled transactions no longer show up in the reconcile window like they use too.
This is admittedly a strained example because the more logical way to fix this problem is to enter the missing opening balance adjustment.When reconciling none of the transactions are cleared until they are checked, but they show up (except for scheduled transactions). But if you change the starting balance adjustment to $2,000, then you would only get a starting balance adjustment, which is a clue that something different from a failure to balance has occurred. So even if you can account for all the transactions for the month, you would get an ending balance adjustment of $2,000. When you reconcile, the sum of all reconciled transactions is $0 because you haven't reconciled before. You get the next bank statement, which shows a beginning balance of $2,000. You created a new Quicken account but didn't add an opening balance. The starting balance adjustment has a different payee than an ending balance adjustment and documents that this adjustment is a special case. If you change the starting balance to match the bank statement, then you will get a starting balance adjustment for $4,000 and no ending balance adjustment for July. But because you are $4,000 off at the start, you would need a $4,000 ending adjustment for the end of July. Because you can account for all transactions for the month of July, you would normally not need an ending balance. Let's say the starting balance at the start of July is $5,000 but the sum of all reconciled transactions is only $1,000. But because your transaction history before July is not in good order, the sum of reconciled transactions in the history is unlikely to match your true balance at the beginning of July. You start the reconcile process and you can account for all the transactions in July.
The bank statement for the month of July just arrived.You don't want to go back and fix up your transaction history.You have many transactions that go back several years.Here are some examples of when or why you might change the starting balance.
WHY DON'T TRANSCATIONS SHOW WHEN I RECONCILE QUICKEN 2017 FOR MAC 4.6.7 PLUS
If the sum of the reconciled transactions plus the cleared transactions happens to equal the ending balance (very unlikely given that you changed the starting balance but possible) then the starting balance adjustment is not inserted because, if it were, there would have to be an ending balance that completely negates the starting balance in order to equal the ending balance.
However, an ending balance adjustment that is zero will not be inserted.
If the sum of the reconciled transactions plus the cleared transactions, but not including the starting adjustment, does not equal the ending balance, then the starting balance adjustment will be inserted and an ending balance will also be inserted if it is needed to total to the ending balance. Here are explanations of how the starting balance adjustment works with all the possible cases: At the end of the reconcile process, an adjustment for $25 will be inserted in the register, increasing the balance by $25 as you indicated by your change.Īs described earlier, Quicken will offer to insert ending balance adjustments when you can't balance. You change the starting balance to $125. Suppose that Quicken computes a stating balance of $100. When you change the starting balance, Quicken will insert an adjustment transaction at the end of the reconcile process such that the register balance is adjusted by the amount of the change. What happens when the opening balance is changed? However, you can change this number if you feel the need. Normally, you will not change the number that Quicken puts here. The balance shown is the result of all reconciled transactions and, as long as you didn't change a reconcile transaction, will equal the ending balance of your last reconciliation. If you choose to reconcile using a paper statement, Quicken will show you a Starting Balance (also known as a Prior Balance).