Reconciliation to date on statement - not possible?

I used ynab4 and recently reupgraded to the app.

in ynab4 reconciliation, i used to be able to reconcile my account to a certain date. For example, my bank statement shows transactions thru the 20th of the month. I get their statement mailed a few days later. On the 24th, I reconcile account and I could set the reconciliation balance date back to the 20th. Same for my credit card statement.

In the app, unless I missed it, I see no way to backdate my reconciliation, which is a regression in functionality for those of us who still want to balance against a printed statement or pdf statement.

Have I missed something or can you reconcile accounts only to the current date? thanks.

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  • I have no idea how to reconcile properly without this functionality. Can someone explain to me what to do if I'm forced to reconcile today's date but I still have pending transactions waiting on my account? I put $8 in ynab but the pending transaction for gasoline is often just $1 because its a credit check. This throws off my total balance and I have no way to fix this as far as I know. I'm still on a trial and wading through the mess to get it so my wife and I could share a budget was time consuming enough. This is going to be a deal breaker if there's not some way to handle this that I am not thinking of. It's hard enough to get my wife to use the software, much less with these kinds of complications.

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
      • 2
      • Reported - view

      Tan Screwdiver Reconcile to your cleared balance, not your working balance.

      Reply Like 2
      • dakinemaui
      • dakinemaui
      • 1 mth ago
      • 4
      • Reported - view

      Tan Screwdiver Pending transactions you've manually entered into YNAB should not be cleared. They should also be excluded from the balance you provide at the start of reconciliation (obtained from the website). Thus, there is no conflict.

      This should not be a deal breaker.

      Reply Like 4
    • dakinemaui Superbone My bank doesn't give me my cleared balance. They give me what they expect to be my cleared balance (for good reason, I imagine, since it shows me what I can likely spend). Are you saying I should take that balance, subtract the 20 pending transactions by hand, and then use the number I come up with to reconcile against? That seems really silly. Can I just reconcile against my last statement instead?

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      • dakinemaui
      • dakinemaui
      • 1 mth ago
      • 2
      • Reported - view

      Tan Screwdiver Certainly you can reconcile to your statement. You can also talk to your bank to perhaps explain a less tedious approach to find the actual cleared balance.

      Perhaps one possibility is if your bank's website shows a running balance that excludes pending transactions.

      Reply Like 2
    • Another possibility might be that the website or mobile app may give more information, including the actual cleared balance.

      Additionally, you won't always have 20 pending transactions. Reconcile when the number is more manageable.

      Ultimately, you could stop using this CC. At the very least you should lodge a complaint with their customer service. You cannot be the only user who needs the cleared balance.

      Best of luck!

      Reply Like
    • dakinemaui said:
      Certainly you can reconcile to your statement

      Forgot to mention that process is described several times earlier in the thread.

      Reply Like
    • dakinemaui So I think I understand where the confusion is happening for new people like me. When I go to reconcile my account it first asks if $123 is my current balance and I say no. Then it asks: "Enter your *current* balance". Instead of saying "current balance" this needs to say "current cleared balance" or something to that effect. That was my main point of confusion.

      Reply Like 2
      • dakinemaui
      • dakinemaui
      • 1 mth ago
      • 2
      • Reported - view

      Tan Screwdiver Makes sense. That input was designed several years ago when the main balance the bank would show was, in fact, the cleared balance. Times change, it seems, and more than a few banks today seem to think showing you the "working" balance (including pending transactions) is the way to go.

      Reply Like 2
      • Momofboysx3
      • I'm going to master budgeting, even if it kills me!
      • Steel_Blue_Mainframe.11
      • 1 mth ago
      • Reported - view

      Tan Screwdiver Just curious if you are looking at your bank balance only on a mobile app? My mobile app doesn't not give a running balance, but when I log into the webpage on a computer, I can get the running balance. Just a thought.

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      • WordTenor
      • Arranged the menu, the venue, the seating.
      • WordTenor
      • 1 mth ago
      • 1
      • Reported - view

      dakinemaui This was actually mandated by the Consumer Finance Protection Bureau circa 2010, 2011., along with a bunch of other disclosures about overdraft operation. 

      Reply Like 1
  • I would like a reconciliation date feature as well. My accounts are linked to my bank and are imported automatically. However, when I reconcile over the weekend some transactions don't get imported (since they're in pending status on my bank account). The following week, these records that were in pending status get imported (after I've reconciled my account), but these newly imported records are backdated. So I have to reconcile it again - and YNAB adds another reconciliation record again!!

     

    I like the date feature since I reconcile it with my statement ending balance and date. All transactions should have cleared and imported to YNAB by the time it's the end of the statement date.

    Reply Like
  • I’m going to submit a feature request for this as well. I don’t link my accounts because I feel it disconnected that way. Also, it would be nice to know at a specific date that your accounts are reconciled.

    Reply Like 1
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