When you reconcile (balance) a spending account, you compare your Quicken account records against your current bank statement and resolve any differences between the two. Reconciliation accuracy can be affected by transactions that occurred in the period shown on your current bank statement as well as by earlier transactions.
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- What if I need to add earlier transactions to my account?
You may want to add earlier transactions to your Quicken bank account so you can create more comprehensive reports and graphs and budgets. For example, if you start using Quicken in the middle of the year, you could add all your transactions from January 1 so your records for the year are complete. To keep your account information accurate, wait until you reconcile your current bank statement. Then add the earlier transactions, and balance each month separately starting with your earliest statement.
- What's the difference between c and R in the Clr field?
The symbol c means that the transaction was previously downloaded, or that you have marked the transaction as cleared.
The symbol R means that Quicken has reconciled the transaction.
After you reconcile, the transactions marked as cleared (c) become marked as reconciled (R) in the Clr column. Don't delete a reconciled transaction. Also, don't manually insert or delete the R in the Clr column.
If you click Finish Later to return to the register while you're still reconciling your account, you'll see c in the Clr field of all transactions you just marked as cleared in the Reconcile window.
Avoid changing the amounts for reconciled transactions. Changing the amount for a reconciled transaction will affect your next reconciliation and make it more difficult to balance your account.
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