Unreconciled (○)
Newly entered or not yet checked against a statement.
Reconciliation process
Confirm that Money Tracker agrees with a bank, card, savings, or loan statement for a particular date.
Clearance states
Clearance states:
Cleared (◐)
Matched with the financial institution but not yet included in a completed reconciliation.
Reconciled (●)
Checked and accepted as part of a completed statement-balance review.
Void (◌)
Retained in history but excluded from normal totals.
Reconciliation is most useful for accounts that issue statements. Cash accounts normally do not need it. For other accounts, choose the initial state you want new transactions to use.
Complete a statement reconciliation
- Compare the statement with the account ledger. Add missing entries, remove confirmed duplicates, and mark every matched entry as Cleared.
- In the account ledger, choose Reconcile.
- Confirm the Statement date.
- Check that Starting balance equals the ending balance from the previous completed reconciliation. If it does not, review earlier entries before continuing.
- Enter the Ending balance shown on the statement.
- Continue matching and correcting entries until Difference is zero.
- Choose Done. Cleared entries through the statement date become Reconciled, and the ending balance becomes the starting balance for next time.
What the balances mean
- Cleared balance
- The total of Reconciled and Cleared entries through the statement date.
- Reconciled balance
- The total of Reconciled entries.
New transactions are entered as Unreconciled when that is the account's selected initial state.
The app warns before an older or reconciled entry is changed because it can affect a completed statement balance.
Quick reconciliation
Use Quick reconciliation only after you have separately verified specific entries.
It does not check a statement's starting balance, ending balance, or zero difference. Use the complete process for a full statement review.
Use Update balance only for an adjustment you understand. It should not replace finding a missing entry, duplicate, or transfer.