TUTORIAL

Lesson 4 - Reconciling Your Account

"Does this mean that I do not have to manually enter items in my transaction register?"

Well, that depends on you. If you wait for the system to record your transactions as they clear, there is a period of time when these transactions are not included in your current register balance.

For example, if you write a check to your mortgage company today, it might be several days before it clears and reduces your register balance. If you forget about it, you could write another check or make an electronic bill payment that would overdraw your account.

To maintain a more current balance, you can manually enter transactions into your electronic register using the Record Register Transaction screen. Then your balance is as accurate as the balance you maintained in your paper register in your conventional account.

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