You can reconcile any time
Just thought I’d mention that you can reconcile an account any time, not just at the end of the month or when you get the monthly statement. I reconcile my accounts regularly and it usually takes less than 5 minutes. I think it’s this easy for me because I reconcile often, usually any time I log into my online bank account. This way it can’t get too far off and you’re not faced with a huge task.
I need to get in the habit of actually doing the reconcile action on my accounts. The only ones I've actually done it on are the tracking accounts (like Car Loan and 4023b) to update them to the current value. Everything else I just check the transactions and call it good...actually doing a reconcile would clean out a bit of clutter since it defaults to not showing reconciled transactions...
Great point, MXMOM ! More frequent reconciliation can be very helpful, and gets easier the more often you do.
I like to think of reconciling as a check point, and if anything is off—all I need to do is compare transactions between now and the last locked/reconciled one. A handful of transactions is faster than a whole month!
For anyone that struggles with reconciling, creating a regular Budget Routine is a game changer.