What is the difference between all the transaction statuses?

Asked by Skaine

What is the difference between "Pending", "Unreconciled", "Cleared" and "Reconciled".
When should I use which?

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Financisto Edit question
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Solved by:
Denis Solonenko
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Best Denis Solonenko (denis-solonenko) said :
#1

Denis Solonenko suggests this article as an answer to your question:
FAQ #1152: “Transaction statuses”.

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Skaine (skaine) said :
#2

Thanks Denis Solonenko, that solved my question.