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Old 02-01-2005, 02:52 PM
Greg Salts
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Default Re: Direct Debit payment method

Thank you Mark! That's exactly what I thought it would do.


"Mark Horn" <mark[at]hornclan.com> wrote in message
news:slrncvv8pj.950.mark[at]home.hornclan.com...
- quote -

> On 2005-02-01, Greg Salts <GregSalts[at]Hotmail.com> wrote:
> > Is the Direct Debit the Money 2005 method of automating this entry

or
> > will this send a payment request to my bank instead?

> Direct Debit will not send a payment request to the bank. It simply
> enters the transaction in your register. Well that's how it behaves
> in Money 2004 - which is what I use.
> It's rougly equivalent to "write check". The difference is that
> "write check" tries to guess at what the check number will be and
> "direct debit" does not.



 
Old 02-01-2005, 02:41 PM
Mark Horn
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Default Re: Direct Debit payment method

On 2005-02-01, Greg Salts <GregSalts[at]Hotmail.com> wrote:
- quote -

> Is the Direct Debit the Money 2005 method of automating this entry or
> will this send a payment request to my bank instead?


Direct Debit will not send a payment request to the bank. It simply
enters the transaction in your register. Well that's how it behaves
in Money 2004 - which is what I use.

It's rougly equivalent to "write check". The difference is that
"write check" tries to guess at what the check number will be and
"direct debit" does not.
  #-1  
Old 02-01-2005, 01:53 PM
Greg Salts
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Default Direct Debit payment method

Hi,

I am using Money 2005 now after using 2000 for a few years. I found
additional payment methods are available such as Direct Debit. I wanted to
make sure I understand how this method is used.

In Money 2000 I could schedule my bills but, payments that are
automatically withdrawn from my account like car insurance would not be
entered into the register until I chose to record the payment.

Is the Direct Debit the Money 2005 method of automating this entry or
will this send a payment request to my bank instead?

There is nothing in the help file or on the MS Support site that
describes this payment type. I appreciate any help you can provide.

Thank You,
Greg


 

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debit, direct, method, payment
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