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Reconcile Accounts vs. Reconcile Transactions.
Posted by Henry Gage on 03 December 2009 12:56 AM
Regarding: Reconcile Accounts vs. Reconcile Transactions.

These two tools are different approaches to the same question. They provide more insight regarding the accuracy of the data and how it matches your statement or broker report. Some customers wait until they receive their 1099 and then finish reconciliation because the 1099 is the document brokers send to the IRS whereas statements may not always match the 1099.

Reconcile Accounts is a bulk mode review. "TA Calculated" is compared to "Current". Current is supplied by the user. If there is a difference between the two then TA suggests possible solutions. You can choose what you think is the solution. This tool is run after options are processed.

Reconcile Transactions is detailed oriented. You can use this to review a list of trades and find a needle in a haystack.
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