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echo: quicken
to: CHUCK THOMPSON
from: BRIAN HILLIS
date: 1996-10-15 10:02:00
subject: Reconcile Problems

 Original Message From CHUCK THOMPSON To ROBERT SCHOENERT...
CT>ú All you need to do is to enter the correction as a fresh entry on 
whatever
CT>ú date you want the entry to record.  I haven't researched it, but I
CT>ú assume that the previously entered transactions can always be changed
I think the issue being debated here is not whether you can or
can't change a posted entry in Quicken, but whether or not you
should be ALLOWED to..., and Quicken definitely ALLOWS you to.
Although convenient, this is contrary to proper accounting
practise, and an auditor (for example) would never be able to
use your Quicken records as the basis for an audit, as there is
no way of proving whether or not any records were changed.
For the "home user" or small business person, Quicken is a
terrific money-management program..., but it should NEVER be
used in place of a proper accounting package (such as
QuickBooks or Bedford) by anyone who may have a legal
requirement of their record-keeping process.  
Cheers...., Brian        EMail:  bhillis@pro-mail.com
                           Web:  http://www.pro-mail.com
                          Fido:  1:250/1004
 * 1st 2.00 #11111bt * <------ Poker anyone..????  I have THIS many aces!
--- QScan/PCB v1.19b / 01-0150
---------------
* Origin: Pro-Mail Communications - Toronto Canada (1:250/1004)

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