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echo: quicken
to: ROBERT SCHOENERT
from: CHUCK THOMPSON
date: 1996-10-15 06:14:00
subject: Reconcile Problems

-=> Quoting Robert Schoenert to Chuck Thompson <=-
 
 CT> However, being able to change a "cleared" transaction isn't really
 CT> any different from going back into your paper check register and
 CT> changing something you entered, and then bringing down the recomputed
 CT> balances to date -- it just takes seconds instead of minutes or hours.
 
 CT> When you're talking about your own personal books, Quicken's flexibility
 CT> in this regard is a "plus."  When you talk about "correcting entry"
 CT> you're getting into an area which may be foreign to a large number of
 CT> Quicken users (to whom "double entry bookkeeping" doesn't make sense).
 RS> 
 RS> I wish I had the option.
 RS> 
 RS> Robert
 
 Robert --
 
 Well, in a sense you do.
 
 All you need to do is to enter the correction as a fresh entry on whatever
 date you want the entry to record.  I haven't researched it, but I
 assume that the previously entered transactions can always be changed
 (that is, no way to "lock" them after being cleared), but you can
 certainly issue a corrective entry.  Did that myself recently, when
 the manager of a mutual fund I own shares in issued a correction.
 Rather than go back to the original entry, I just entered the correction
 as it came from the fund manager, using the date the fund manager
 did.  This corrected all the balances as of the later date.
 
 
 Cheers.............................  c h u c k
 
 
 
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