B> Hi Vadim, you asked "where do you generate bill payments - in Money or
B> elsewhere"? I setup Bill Payments with my bank..

You said that you have several accounts, and you pay bills from all of them.
And they all assign payee #1???

I would suggest that you make Money your "finance center" and generate
online payments in Money rather than on the bank's website. Then payees will
have correct names from the beginning.

Also, I don't know your circumstances, but it seems reasonable to use one
account for all bill payments, rather than several.

At least, review your Payees at the bank's bill payment and arrange so that
they are named by the respective payee names rather than Payee #1 etc. Find
out why and when Payee #1 gets created, and do something to avoid it.


Vadim

The problem (not really a problem but my laziness) is that under these
circumstances, I do NOT make a entry in MSMoney check register for the
OnLine Bill Payments but wait until the paymenst are actually made and
download the transaction. I would like for MSMOney to recognize that
Payee #1 for Bank Account "A" is a DIFFERENT Payee than Payee #1 for
B> Bank Account "B"
Also, where do
you generate bill payments - in Money or elsewhere?


Hi Vadim, you asked "where do you generate bill payments - in Money or
elsewhere"? I setup Bill Payments with my bank..

You aslo wanted to know "at what point Payee #1 etc. names are assigned and
by whom"? I am not quite sure Vadim, the Bill Payment (Payee) is paid by my
bank and when I download transactions, the transactionm appears in MSMoney
and I am not sure if the name of the Payee is assigned by the bank or Money.

Hope this helps you help me Vadim,
Thanks,
Bob

Hello Boblink:
You wrote in conference microsoft.public.money on Sun, 27 Mar 2005
08:53:02 -0800:

B> The problem (not really a problem but my laziness) is that under these
B> circumstances, I do NOT make a entry in MSMoney check register for the
B> OnLine Bill Payments but wait until the paymenst are actually made and
B> download the transaction. I would like for MSMOney to recognize that
B> Payee #1 for Bank Account "A" is a DIFFERENT Payee than Payee #1 for
B> Bank Account "B"

At what point Payee #1 etc. names are assigned and by whom? Also, where do
you generate bill payments - in Money or elsewhere?


Vadim

If you are saying the term "Payee #1" represents a term that both
banks use, perhaps you should add that phrase as a Excluded Payee
Name. Then Money would not fill something in automatically, and you
would make a choice each time. You could even leave the payee blank.

If this "Payee #1" term that means the bank, it might be appropriate
to make that term represent your name. So if you make out a check to
cash if that term appears, you would make yourself the payee in each
case.



Thanks again Carl, I think my situation is somewhere in between.
My allows me to setup OnLine payments for each account and assigns the first
payment as Payee #1 and the next payment as Payee #2 ,..... for as many
OnlIne Bill payments (Payees) that I want to setup for that account.

I can setup OnlIne payments for the my other account(s) and it would assign
the first Bill Payment as Payee #1, the next as Payee #2, then Payee
#3,......... although Payee #1 was ALREADY assigned for another account (it
treats each account seperately and in these examples, does not "consider"
that Payee #1 was already assigned for Account "A", if I setup OnLine Bill
Payments for Account"B", it would assign Payee #1 to the first Bill Payment
and Payee #2 for the next,.....

The problem (not really a problem but my laziness) is that under these
circumstances, I do NOT make a entry in MSMoney check register for the OnLine
Bill Payments but wait until the paymenst are actually made and download the
transaction. I would like for MSMOney to recognize that Payee #1 for Bank
Account "A" is a DIFFERENT Payee than Payee #1 for Bank Account "B"
otherwise, I will have to make manual entries in the MSMoney Check register.
Nothing major Carl just a small inconvienence that if possible, I would like
to avoid but to do so, I need MSMoney NOT to assign the wrong Payee
information (and if I leave the Payee blank), I need to do this manually.
Thank you again for your help Carl, Bob

In microsoft.public.money, Boblink wrote:

- quote -

If you are saying the term "Payee #1" represents a term that both
banks use, perhaps you should add that phrase as a Excluded Payee
Name. Then Money would not fill something in automatically, and you
would make a choice each time. You could even leave the payee blank.

If this "Payee #1" term that means the bank, it might be appropriate
to make that term represent your name. So if you make out a check to
cash if that term appears, you would make yourself the payee in each
case.

I really appreciate your help Carl and was able to clean-up some of the
obvious mismatches but also noticed something that appears to be a BIG
problem.
I use MSMoney 2005 for numerous banking accounts and have setup OnLine Bill
Payments for 4 of these accounts. Let me give you the following example,
Payee #1 for the first Bank Account is "My First Bank" and Payee #1 on the
third Bank Aaccount is "Another of My Banks". When I check the mapping on
the Preferred Payee list, I believe that Payee #1 would show up as "My First
Bank" and if I make a Payment to Payee #1 on (another, in this example)
account 3, instead of the Payee coming up as "Another of My Banks" it would
showup as "My First Bank". As you can imagine, this can cause a LOT of
confusion and would aprreciate your help again if there is any way that I can
correct / stop this happening since I have multiple accounts? Thank you again
for your help Carl, Bob

"Cal Learner-- MVP" wrote:

- quote -

In microsoft.public.money, Boblink wrote:

- quote -


Tools-> Settings-> OnlineServices-> ReplacePayeeNames...
enables or disables replacement of payees with names you have used.
If you want to always use the name that the bank sends, you could
disable that.

Banking-> AccountTools-> Categories&Payees-> Payees-> PreferredPayeeNames
shows how downloaded names are translated into Payees.

Also click on GoToPayeeRulesManager. Your downloaded transactions
may come with some generic term where the Payee should be.
Excluded Payee Names identifies words and phrases that should be
ignored from the payee field (e.g., check, deposit). Add words
that are generically added by your bank. Unfortunately there are
no wildcards, so check 334, check 335, and check 336 will each be
treated as potential new payee names. Set
Tools-> Settings-> OnlineServices-> ShowStandardizedPayeeNames
to combine payees that differ only by a number. This may work
better after you have combined payees from previous downloads.

Tools-> Settings-> AccountSettings(global)-> ConfirmNewPayees will give
you the option to not add a payee to the list that you are using one
time only.

Hi, I have been using MSMoney for many many years and decided to doownload my
checkbook transactions from the bank and am having a (minor) problem that I
would appreciate help with. The transaction seem to transfer just fine from
my bank to the MSMoney program but the PAYEES are all screwed up and is
causing LOTS of confusion. The errors are not only on the actual checks
(wrong payee) but also when I make Automatic Bill Payments from my bank (the
wrong Payee is downlaoded to the MSMoney register). The Payees that are
assigned to the transactions by MSMoney are NOT correct, they are Payees from
the list of payees / transaction that I have in MSMoney but they are NOT the
intended Payees? Matter of fact, the last two automatic Bill that I paid the
Payee that was downloaded was Account Adjustment (a category that I set up
for reconcilation mistakes). As I indicated, I have used MSMoney for
(approximately) 10+ years and upgarded to various version and first used the
OnLine Download function with with MSMoney 2003 and recently upgraded to MS
Money 2005 (which I am currently using). Is there a way that I can adjust the
OnLine accounts that MSMoney 2005 will do a better job of selecting the RIGHT
payee? Thank you for your support. Bob