On Mar 22, 2009, at 8:38 PM, cardigrl wrote: > Except, actually, that does not work at all. For example, I just > reconciled one account from my account statement. It claimed it > reconciled. Yet, the amount it shows at the bottom of the screen > does not match either the amount on the printed statement, nor the > amount shown on the bucket in the accounts list. So the program has > 3 different figures for the balance on one day. And how can it show > that it's reconciled when the "reconciled balance" on the bottom of > the screen does not match the ending balance on the reconciliation > screen? > >
This subject has come up a lot on the forum and I believe Kevin's basic response is that intra-day balance doesn't matter, at least not to your bank. (Kevin is the developer of MoneyWell) The notion of a running balance is a holdover from our checkbooks. Part of the problem I think for your specific situation is that MoneyWell probably doesn't have your transactions in the same order as your statement. I too wanted a running balance, but decided to give things a try not rely on it. All I do now is focus on my reconciled balance. It's the only balance that matters when I'm comparing to my bank's balance after each transaction. (Yes, they have a running balance, but really, they only care about close of business) The things I check are bucket balance, reconciled balance, and account balance. Your bucket balance should match the sum of the account balances that make up your buckets minus any transactions that are not assigned to a bucket. And the reconciled balance for a day should match with your bank at the end of that day as well. Just my $.02 Patrick --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
