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  • You downloaded this transaction into Quicken from your financial institution and accepted it into your register (it was marked as cleared on your financial institution website).
  • You started to reconcile this account, and during the Reconcile process, you marked this transaction as cleared by matching it against your statement.

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If you use online payment, you can check the status of a payment while it is being processed.

The Opening Balance transaction that Quicken creates when you set up an account is also marked with an "R" because  because it represents the last reconciled balance of the account on the day you started it in Quicken.