Using cleared and reconciled transactions?

[Alan Schmitt]

Hello,

I only use pending, open, and reconciled transactions. When a
transactions is in a future month, it is pending. At the start of the
month I make all pending transactions open. And every week I go to my
bank website and balance my accounts, moving transactions that are
taken into account as reconciled.

I don't see in this workflow where a cleared transaction would occur.
As I feel I'm missing something, I'd really like people who use them
to describe their work flow.

Thanks a lot,

Alan

[Kevin Hoctor]

Cleared is the status used for downloaded or imported transactions.
MoneyWell sets this flag usually.

Peace,

Kevin Hoctor
No Thirst Software LLC
http://nothirst.com

Sent from my iPhone

On Jan 7, 2009, at 3:05 AM, Alan Schmitt

[Peter]

On Jan 7, 4:05 am, Alan Schmitt <alan.schm...@polytechnique.org>
wrote:

> I don't see in this workflow where a cleared transaction would occur.  
> As I feel I'm missing something, I'd really like people who use them  
> to describe their work flow.

I use "cleared" to mark the transaction once it appears online and
then "reconciled" when I reconcile the banks statement at the end of
each month.
I'm glad 1.4 added this additional flag.

Peter