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Old 12-24-2004, 01:48 AM
JD
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Default Re: Reconcile

Chris Cowles wrote:

- quote -

> JD wrote:
> > What exactly does it mean when I Reconcile a transaction? What's
> > the difference between reconciled and cleared?

> Cleared means you received notice that it's posted at the bank.
> Reconciled means you compared it to an account statement produced by
> your bank, and it matches.


Thank you!!
  #1  
Old 12-23-2004, 01:52 AM
Chris Cowles
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Default Re: Reconcile

JD wrote:
- quote -

> What exactly does it mean when I Reconcile a transaction? What's the
> difference between reconciled and cleared?


Cleared means you received notice that it's posted at the bank.
Reconciled means you compared it to an account statement produced by
your bank, and it matches.
 
Old 12-22-2004, 11:09 PM
Cal Learner-- MVP
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Default Re: Reconcile

In microsoft.public.money, JD wrote:

- quote -

> What exactly does it mean when I Reconcile a transaction? What's the
> difference between reconciled and cleared?


To me, Reconciled means that not only has the transaction cleared,
the transaction makes the balance match what you should have at that
point.

  #-1  
Old 12-22-2004, 10:51 PM
JD
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Default Reconcile

What exactly does it mean when I Reconcile a transaction? What's the
difference between reconciled and cleared?
 

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