One would think, by using Quicken for keeping a checking account, that errors would, if not vanish, be far likelier to recede to insignificance -- a transposed or typoed number here, a failure to record a transaction there; small disruptions to the smooth procession of orderly numbers. Despite such glitches, the self-kept record should accord well with the bank's figures as shown in monthly statements and realtime inquiries via either phone or Internet.
Ha, I say.
A few days ago I dribbled away almost an hour trying to reconcile the disparity between what my generated-by-Quicken records show, and what Citizens Bank insists is my current balance in my business account.
I failed miserably. No matter how I tweaked and checked, the disparity remained, and what's worse, the actual quantity of the error kept morphing depending on what adjustments I tried making to account for it.
Gah. Once upon a time, my personal checking account so utterly refused to be disentangled that I opened a new one and let the old one lie fallow (other than a monthly automatic withdrawal for health insurance) for a few months till I could make the adjusting entry to resolve the whole mess: "Bank says."
I sure hope that remedy won't be necessary this time.