Avoiding duplicate entries

I am a long time user of Quicken Home and Small Business, but have
recently started looking at Money. (Removing the ability to import a QIF
file from Quicken has forced me to start looking elsewhere).
My question is - Is there any way to exclude an account from all totals
and reports? The reason I ask is that in Quicken, I had an issue with
duplicate deposits. When I got a payment against an invoice the payment
would normally show as a deposit to my checking account. Then when I
downloaded my checking account data, it would also contain those
deposits and I would have a duplication issue. The way I fixed it in
Quicken was to set up a dummy account where the invoice payments were
credited and then exclude this from my reports and totals. It was still
available to cross reference against the bank deposits but did not show
as duplicate deposits in any reports or totals.
Can this be done in Money or is there another way to handle this issue
in Money?

via_newsgroup
Thu Mar 17 18:31:45 CST 2005

In microsoft.public.money, Chuck M wrote:

>I am a long time user of Quicken Home and Small Business, but have
>recently started looking at Money. (Removing the ability to import a QIF
>file from Quicken has forced me to start looking elsewhere).
>My question is - Is there any way to exclude an account from all totals
>and reports? The reason I ask is that in Quicken, I had an issue with
>duplicate deposits. When I got a payment against an invoice the payment
>would normally show as a deposit to my checking account. Then when I
>downloaded my checking account data, it would also contain those
>deposits and I would have a duplication issue. The way I fixed it in
>Quicken was to set up a dummy account where the invoice payments were
>credited and then exclude this from my reports and totals. It was still
>available to cross reference against the bank deposits but did not show
>as duplicate deposits in any reports or totals.
>Can this be done in Money or is there another way to handle this issue
>in Money?

Each report allows you to Customize to include or exclude an
account. A customized report can be saved as a Favorite.

An investment account can be designated a Watch account, and is
excluded. It can have an associated cash account, which can serve as
a pretend cash account.