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Part 5. Balancing Accounts

Part 5. Balancing Accounts

To keep all your bank account information current, you must reconcile your accounts. Reconciling an account is the process of checking your paper bank statement against your account register to make sure the balance matches. It is a good practice to reconcile your Quicken bank accounts each month when you receive a paper statement.

When your bank or financial institution executes a transaction, such as paying a check or depositing interest, that transaction has cleared. Correspondingly, you must mark these cleared transactions from your paper statement as cleared in Quicken.


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