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- For spending accounts that you track manually, the process of reconciling is simply to compare the transactions in Quicken to your paper bank statement.
- For online-enabled spending accounts you have a choice: you can compare the transactions in Quicken to your paper bank statement, or you can compare them to your latest online balance.
- For cash accounts, all you need to do is update the account balance to the cash on hand.
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You can get more information about balances at About your three register balance amounts. |
To reconcile a spending account with the paper statement
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To update a cash account's balance to match the cash on hand
- Open the account you want to use.
- Click Select Account Actions (gear icon) → Update Balance.
Enter
- For New Balance, enter the amount of cash you have on hand as the cash balance.
- Enter the date Adjustment Date.
- Enter a category Category for the adjustment transaction.
- Click Select OK.
Notes
You can create a reconciliation report at the time you finish reconciling an account, when Quicken prompts you, or at a later date.