Reconciliation & Pending Trades

[Kathleen]

Is there a method of doing a reconciliation when there are pending trades at the end of the month? The statement balances exclude any pending trades, but FM, & other software I have used, includes them during a reconciliation.

I'm hoping that transactions could be marked "pending", so they are excluded when performing a reconciliation.

Thanks

Kathleen

[Mark]

Hi Kathleen,

Sorry, there is no feature like this. Thanks for the idea though. Here are some ideas to work around this problem:

1) Ignore investments that are off by a known share amount due to these pending transactions

2) Manually reconcile

3) Wait until there are no pending trades, and then reconcile

[Kathleen]

Hi Mark,

Thanks for the really fast reply! I knew I was going to like this software.

I usually wait until there are no pendings to do a real reconcile.

I'll look at the Manual Reconcile in FM again, to see if I was missing something.