On 10 Nov 2008, at 16:18, Giorgio Valoti wrote:

>
> Hi all,
> I’m trying to understand reconciled transaction. The procedure is
> simple and clear but I can’t *why* should I use it. I mean: every
> month I receive the bank and the credit card reports and I simply
> input them. Should I consider these transactions already reconciled?

Yes, if they're straight off your bank statement they're reconciled.  
I'd imagine that most people enter transactions as and when they occur  
and then when their bank statement arrives they compare it to the  
records in MoneyWell and this process is the traditional  
reconciliation process.

Simon
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