How do you reconcile credit card statements ?

[sv2007]

Do you go over each purchase and match it against your receipt pile?

Do you just eyeball it and call it a day if the purchases matches up with what you remember?


I check my CC accounts every 1-3 days online and validate purchases. When the statements come, I just validate the total amount. In a way, getting paper statemetns is redundant for me, but I still want paper.

How about you?

[feh]

I don't even look at the statement. I visit mint.com every day, so I am aware of all charges. If I see one that is out of the ordinary, I ask my spouse about it.

[disneysteve]

I scan each statement and make sure there are no charges that I don't recognize. I have caught a couple of fraudulent things over the years. I also highlight any charges that are tax-related so that I can quickly find them when it's time to do our taxes.

[phantom]

I just make sure I log into Mint every few days to look for unusual purchases and recategorized anything that needs to be recategorized.

[rennigade]

My wife checks her receipts vs credit card statements. Its one thing ive never done though. I probably should start. The only time ill check a receipt vs credit card statement is if I go to a restaurant and leave a tip. I want to make sure the total amount is correct.

[phantom]

My wife checks her receipts vs credit card statements. Its one thing ive never done though. I probably should start. The only time ill check a receipt vs credit card statement is if I go to a restaurant and leave a tip. I want to make sure the total amount is correct.

When I'm leaving a tip with plastic, I always round the total to the nearest dollar. That way I can tell if it's a few cents off and if it's more than a few cents off, it will be off by enough that I'll notice a big difference.

[msomnipotent]

I log in to each account every few days and check the charges. I don't compare receipts, but I pretty much know every charge. It can be confusing when buying from Amazon because they break the charges up if you buy from different sellers. Then I have to log into Amazon and double check.

[disneysteve]

It can be confusing when buying from Amazon because they break the charges up if you buy from different sellers.

I always use gift cards for Amazon so I never encountered that. It makes perfect sense, of course, because each seller is a different transaction. I just never gave it a thought. That's a little annoying but there's no other way to do it unless Amazon would process your payment and then turn around and pay each of the sellers but that would serve no purpose.

[sv2007]

The good thing about Amazon and other large online retailers is that all transactions are online and easily reconciled while I'm online checking my CC account.

[sblatner]

I download transactions to Quicken every day and if something is questionable, I research it.

We recently had a restaurant charge us $10 too much. The receipt was correct with the tip but they must have keyed it in wrong. I brought the receipt and a printout of my credit card statement but didn't even have to show them. They put the credit on our bill before we even ordered. That was nice!

[StormRichards]

I use Mint to keep an eye on transactions and then scan the statement for anything that looks unusual. But I don't actually reconcile the statements.

[cypher1]

Do you go over each purchase and match it against your receipt pile?

Do you just eyeball it and call it a day if the purchases matches up with what you remember?

I check my CC accounts every 1-3 days online and validate purchases. When the statements come, I just validate the total amount. In a way, getting paper statemetns is redundant for me, but I still want paper.

How about you?

Mine is a combination of your process. I basically check online every 1-2 days for my main CC, and just eyeball the activity for anything questionable. In all the years, I've spotted may 2 max incorrect transactions.

I also track activity/balance to make sure it matches the amount in my checking account. So I know I'm not over spending more than I can afford that month.

I don't get paper statements, and don't save every receipt unless it's for home improvements, or warranty related component.