Jade E. wrote:The 'lock' state is just to note that a transaction won't show up in future reconciliations, it doesn't 'mean' anything different than cleared.
This is basically correct. Additionally in YNAB 4 the lock state protects the reconciled transaction with a pop up warning if you try to modify the date or amount, or accidentally select it for deletion. The payee and category remain unprotected because changing them may affect the budget but it does not affect the reconciled account balance or date.
DonGately wrote:If you're talking about your checking and savings account the only transactions shown are those that have already cleared the bank. For example, if you just put a check in the mail this morning to your landlord for rent it will have been recorded in your checking account and therefore is pending in your register but won't show in your bank account until it is cashed and clears the bank at which time it should be marked as cleared in your YNAB register. The bank should never show pending transactions
In Australia, and possibly other countries, the banks market a Debit account, which is a transaction type account that gives you the features of a Visa or Mastercard credit card account, but any transactions are only good to the value of what's in your account i.e. you only use money that is in yuor account, but you can elect to use Visa or MC at POS, online or wherever the cards are accepted. If you use the Credit Card option the transaction is immediately visible in your online statement, but it is in a pending state and shown in a separate transaction table (that's the case with my bank), with the total of pending transactions as a separate figure. These accounts can have cheque access too, but very few Aussies use cheques any more, and I can't recall the last time I wrote one out.
So when I log on to my banks web site I see:
Closing balance - this is all the transactions the bank knows about and has cleared the funds
Card authorisations - pending credit card type transactions with a total amount
Available balance - closing balance minus card authorisations
For reconciliation in YNAB 4 I use the Closing balance, and it works beautifully. Generally the bank Available balance equals the Working balance in YNAB, however as there can sometimes be a delay in auto debits clearing the bank, compared to when I have them scheduled in YNAB, in which case the Working balance does not match (but it is still the true reflection of what I have left).
Like Don it's taken me a lot longer to type this out than it does to reconcile when it's done daily or every few days, and there's a sense of new sense of satisfaction seeing all the locked transactions safely tucked away, most likely forever. Prior to YNAB 4 I used my own style of reconciliation which involved using the U/C column and flags to show where last reconciled. The wizard saves time because it only shows the unreconciled transactions (cleared or uncleared), and I don't have to worry about flagging, or getting mixed up by accidentally flagging a previously flagged or unflagged transaction (I've removed the Flag column for now as I have no other use for it).