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#5
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| Which version of Money are you using? If it is Money 2005, are you manually downloading OFX files from the website or using the online banking option? I use the manually log into the website and download the file. This had always worked for me. If you are using the automatic connection and download, it depends upon which Bank of America you are connected to whether it is an automatic connection to the BoA site or whether it is going through the YODLEE site to get the information. The YODLEE does exactly what you have mentioned below. I would turn off the automatic update ("update now") and in the future go to the BoA website and manually download the information. I have found it to always be correct. Gregg Fowler wrote: - quote - > "Winnie" <Winnie[at]discussions.microsoft.com> wrote in message > news:C951ED1E-1F33-4589-947B-DB63B3B7D7B8[at]microsoft.com... > > I tried to use online banking with BOA these past couple of months, but it > > just did not work well. There are transactions just did not show up in my > > Money and I had to enter them myself. > > > Is there any suggestion that I could balance my account monthly in a more > > efficient way? > > > Or should I just foreget the online banking feature and start manually > > enter > > the transactions? > > > Thanks ! > > > Winnie > I have problems with BOA updating in Money also. I find it better to enter > transactions myself and reconcile with online banking. > Gregg |
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#4
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| On 2005-04-04, Cal Learner-- MVP <via_newsgroup[at]please.tnx> wrote: - quote - > Downloading without first entering transactions is not a waste of
I agree with this. I download transactions and I don't find> *my* time. it invaluable. I don't put as much detail into my transactions as Dick Watson does. And I can't get that level of detail from downloaded transactions. But that doesn't mean that downloaded transactions are not valuable at all. It's true that, to some extent, I trust my FI when I do this. If the *ONLY* purpose of personal finance software is to act as a check and balance against FI mistakes, then of course, downloading transactions can't accomplish that. But that's not the only purpose of PF software. |
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#3
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| In microsoft.public.money, Steve wrote: - quote - > If you DON"T enter the transactions manually, you need to ask yourself
In most cases the transactions get downloaded while the transactions> what purpose you have for letting Money enter the transactions > automatically. What are you trying to do? Your bank's online statement > has the same data. Money is intended as a personal finance program. It > serves the banking or credit card purpose best by using it as a > COMPARISON between what YOU enter manually and what the bank statement > says. To accept whatever the bank says without any comparison is a > waste of time IMHO. are fresh in my mind. That is much better for me than reviewing a statement of transactions that are 0.5 to 1.5 months old. It would be impractical to enter dividends manually as they occur. Downloading without first entering transactions is not a waste of *my* time. |
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#2
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| If you DON"T enter the transactions manually, you need to ask yourself what purpose you have for letting Money enter the transactions automatically. What are you trying to do? Your bank's online statement has the same data. Money is intended as a personal finance program. It serves the banking or credit card purpose best by using it as a COMPARISON between what YOU enter manually and what the bank statement says. To accept whatever the bank says without any comparison is a waste of time IMHO. Steve |
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#1
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| I'm not sure exactly what you're referring to with online banking, but here's what I do weekly with BOA. I like to enter every transaction but unfortunately since it's my wife's account I don't get the receipts to enter manually. So I login to BOA, go to the account, and then do a Download with the range of dates and selecting Money. They get imported and then I find out which transactions my wife didn't give me receipts for. :-) When I get the monthly statement, everything has been marked so it's usually a quick zero balance. |
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| "Winnie" <Winnie[at]discussions.microsoft.com> wrote in message news:C951ED1E-1F33-4589-947B-DB63B3B7D7B8[at]microsoft.com... - quote - > I tried to use online banking with BOA these past couple of months, but it
I have problems with BOA updating in Money also. I find it better to enter> just did not work well. There are transactions just did not show up in my > Money and I had to enter them myself. > Is there any suggestion that I could balance my account monthly in a more > efficient way? > Or should I just foreget the online banking feature and start manually > enter > the transactions? > Thanks ! > Winnie transactions myself and reconcile with online banking. Gregg |
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#-1
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| I tried to use online banking with BOA these past couple of months, but it just did not work well. There are transactions just did not show up in my Money and I had to enter them myself. Is there any suggestion that I could balance my account monthly in a more efficient way? Or should I just foreget the online banking feature and start manually enter the transactions? Thanks ! Winnie |
| Tags |
| banking, online |
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