Preparing to Reconcile
2. Preparing to Reconcile/Troubleshooting
To use the Reconcile tool, select Reconcile from the Actions drop-down menu. You will be asked to enter a Ending Statement balance. Most likely you will want this to be the balance listed on your most recent bank statement. You will also be shown a non-editable Beginning Statement balance. This will be the current Cleared balance of your account as Moneydance sees it.
The "as of" date is only enabled if you download transactions for that account online. If this box is enabled and selected then all transactions that were downloaded online on or before that date will be marked as reconciling when the reconciliation window appears. In many cases, when people download transactions this will quickly show if the online balance matches the local balance, and if so requires no further effort.
If the starting Balance is not the same as what is on your official statement, then there is some discrepancy between your recorded activity and what the financial institution believes your balance was. You may wish to fix this by canceling your Reconcile attempt and entering additional transactions or changing the Cleared status of some transactions before beginning your Reconcile. Also note that you can add, edit, and delete transactions from within the Reconcile tool itself. Once you are satisfied with your starting and ending balance amounts, click Reconcile from the Actions drop-down menu.
3. Reconciling