![]() ![]() You have outstanding transactions such as checks that haven't been cashed, or deposits that have been mailed or scheduled but haven't yet been processed at the bank. Some of these are a normal part of using a bank account, while others represent mistakes made by you, Quicken, or your bank. Listed below are various reasons why you and the bank might not have the same transactions. That is why we talk about reconciling rather than matching or equaling. ![]() Unfortunately, even in the best cases, your transactions, and therefore your balance, may not be the same as the bank because of outstanding transactions that are in your register but not yet at the bank. ![]() Your bank calculates the account balance as the sum of all your transactions. If you have the same transactions as the bank then your balance, which is the sum of all your transactions, will be the same as the bank’s balance. To make sure your Quicken balance is correct. The two purposes of reconciling your account register are: What does it mean to reconcile an account? For instructions on using the interface, go to Using reconcile or Using auto-reconcile. This topic is about the concept of reconciliation. ![]()
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