Re: Auto-entered deposits appear to be downloaded transactions by Steve
Steve
Sun May 11 14:55:40 CDT 2008
"Bob Altman" <rda@nospam.nospam> wrote in
news:#5E00D4sIHA.576@TK2MSFTNGP05.phx.gbl:
> "Steve" <respond@online.newsgroup> wrote in message
> news:Xns9A9AC967E190D184365720018436572@207.46.248.16...
>> "Bob Altman" <rda@nospam.nospam> wrote in
>> news:#6GhQBtsIHA.2064@TK2MSFTNGP05.phx.gbl:
>>
>>> I'm using Money Plus Premium, version 17.0.125.1415, but I've had
>>> this same problem for at least the last several versions of Money.
>>> I deposit a fixed amount of money every other week from my payroll
>>> into my bank.
>>
>> How do you do that deposit? Is it a proper transfer inside a
>> paycheck transaction?
>
> No. I went to the "Bills summary" page and created a new "deposit"
> entry, the parameters of which are:
> Payment method: Direct Deposit
> Frequency: Every other week
> This is a fixed amount
> Automatically enter the transaction 7 days before the payment date
>
> BTW, I tried (just now) entering a new Paycheck. After I told it
> that I only want to track net pay, it took me to what appears to be
> the same place as creating a new "deposit" entry.
That should work. See my comments below.
I'll encourage you to create a full-fledged paycheck transaction,
recording your various types of income and expenses. One of those will
be a transfer to your savings account. Recording everything on your
paycheck will benefit you at tax time, as well as giving you a more
detailed view of your finances.
>>> I've created an entry that shows up on the "Bills summary"
>>> page to automatically enter that transaction. My problem is that
>>> when Money creates an entry in the register, the entry is marked as
>>> "E" (as in "electronically downloaded"). This messes up several
>>> other Money features.
>>
>> What other features are messed up?
>
> 1. When I download transactions from my bank, I get duplicate entries
> for all of the automatic deposits. That is, Money apparently doesn't
> recognize that the downloaded deposit is the same as the
> automatically entered deposit despite the fact that the date, payee,
> and amount is identical. So every time I download transactions from
> my bank I then need to go through and delete all of the duplicate
> deposits.
Instead of deleteing the duplicates, _match_ your manually-entered
transaction (the one from the bills screen) with the downloaded
transaction. Click the "Change" button, then pick out the matching
downloaded transaction. Money will learn from what you did and do a
better job of matching in the future.
> 2. When I balance an account, Money initially changes all of the "E"
> entries to check marks, even if the entry is dated after the closing
> date of the statement I'm balancing, so I need to manually un-check
> all of the auto-entered deposits that appear after the statement
> closing date.
That's normal. Money is just picking transactions that add up to make
the account balance. I've followed your procedure for ten years now. I
wish it would leave them alone, because I check them off one at a time
matching them with the statement.
--
Steve B.
New Life Home Improvement