Perhaps you borrow $10,000. For what, it doesn't matter. You now have a new
asset of $10,000, and a liability to pay back the $10,000 loan.
One equals the other - so there is perfect balance.
(I know no one borrows money just to have it. It's just to illustrate,)
-Original Message-
This is a superb note about how reconciliations should be used.
Abhijit
On 24 April 2017 at 12:02, Buddha Buck wrote:
> I am not a Quicken convert, but I'll point out a benefit of entering your
> transactions manually as Russell and CM suggest: It gives you a point of
>