Quicken 2003 - Clearing transactions trouble


M

Mike

Hello...

I have accidenteally messed something up with my quicken I think. Every few
days I download from my bank a list of transactions thats in QIF format.
Then I import them into quicken. I then proceed to match the entries with
what I have entered in quicken. As of today after I match all the entries
and select 'DONE' none of the entries shows as cleared. Usually putting a
'c' in the CLR column. Anyone know what this is happening?

-Michael
 
J

John Pollard

Mike said:
Hello...

I have accidenteally messed something up with my quicken I think.
Every few days I download from my bank a list of transactions thats
in QIF format. Then I import them into quicken. I then proceed to
match the entries with what I have entered in quicken. As of today
after I match all the entries and select 'DONE' none of the entries
shows as cleared. Usually putting a 'c' in the CLR column. Anyone
know what this is happening?
I do not think you messed anything up. The "cleared" status is just
another piece of data in the QIF file; if the financial institution
does not put the correct value - or any value - in that "field", your
newly imported transactions will not show as cleared.

You can check this for yourself; the QIF file can easily be read in a
word processor. Every "transaction" is composed of a number of
"fields" (such as date, amount, payee, cleared status, etc. - though
not all fields may be present for all transactions), and each record
in the QIF file contains one field.

Each record (field) in the QIF file has an identifier in column one,
followed by the data itself. And the last record for each transaction
has a caret (^) as an identifier, with no data.

Look at the records with a "C" in position one; they are the "Cleared
Status" records. For some strange reason, the data for a "cleared"
transaction is an asterisk (*); so if you find records with a "C" in
position one followed by an asterisk, then Quicken has messed up; if
you find records with a "C" in position one followed by no data, then
your financial institution has messed up.
 
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J

John Pollard

John said:
... if you find records with a "C" in position one
followed by no data, then your financial institution has messed up.
Or if you find no records with a "C" in position one, the financial
institution has messed up.
 

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