iamlyth[Community Question] How often do you reconcile your transactions?
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.
lady_mongrelBudget 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.
Yeah I have a variable rate HELOC that I reconcile when I get my statement, so once a month. I’m impressed that you do a daily reconcile!
The automatic import, and the fact that a lot of my accounts are with the same bank, makes it really easy.
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.