Did your Schwab accounts reconcile yesterday and today the money market on almost every account fails to reconcile? This “problem” happens when the last day of the month falls on the weekend or a holiday.
Here’s what happens: Schwab pays money market dividends with a trade date of the last day of the month (For example, 12/31/2011 which was Saturday). However, their position file includes the dollar amount of these dividends as of the last business day (e.g. 12/30/2011, which was Friday).
To resolve this “problem”, change the as of date on the report settings to the last day of the month (e.g. 12/31/2011) before running the report.