[Community Question] How often do you reconcile your transactions?
Sorry for the delay! I meant to post yesterday.
Today’s Question:
How often do you reconcile your transactions?
Bonus question:
Do you primarily rely on sync or do you manually input your transactions?
I usually do it every handful of days. I typically manually input all transactions I do in person and rely on sync to catch automatic charges. Matching transactions clears them so reconciliation is usually a breeze. It's only gotten a bit cumbersome with one account in particular which has broken sync.
Budget accounts, daily in the morning with a coffee. Takes less than 5 minutes
Loan accounts, weekly, no direct import so I have to log in and YNAB is, not perfect with non-mortgage, so I have to adjust the interest charged when reconciling
Tracking accounts, end of month. Takes a bit longer since I update a spreadsheet with them since they are mostly investment accounts.
Budget accounts, daily in the morning with a coffee. Takes less than 5 minutes
Loan accounts, weekly, no direct import so I have to log in and YNAB is, not perfect with non-mortgage, so I have to adjust the interest charged when reconciling
Tracking accounts, end of month. Takes a bit longer since I update a spreadsheet with them since they are mostly investment accounts.
Budget accounts, daily in the morning with a coffee. Takes less than 5 minutes
Loan accounts, weekly, no direct import so I have to log in and YNAB is, not perfect with non-mortgage, so I have to adjust the interest charged when reconciling
Tracking accounts, end of month. Takes a bit longer since I update a spreadsheet with them since they are mostly investment accounts.
I reconcile roughly 3 times a week. Since I have an Apple Card (and a couple AmEx cards which never sync) I’m forced to do manual input so I reconcile frequently to make sure I don’t have to scroll back far to find errors.
I reconcile daily because I don't have automatic import, and I'm still using the old YNAB. I mostly use Apple Pay which means that I enter every transaction of the day that is shown in my notifications, and it takes at most 2 minutes in the evening.