"rikmar67" <rikmar67[at]discussions.microsoft.com> wrote in message
news:146B31F8-DE86-4D6D-BB9D-4E6EDE22D506[at]microsoft.com...

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Agreed. I gave up on Money for this reason and am currently looking at
Quicken to see if my bank is going to charge me to have online access. It
appears that Quicken does not suffer this flaw. I would have strongly
preferred using Money over Quicken, but this is a showstopper for me.

I too am having a problem. I have 3 accounts at my bank, one of which I don't
want to update. I have closed the account in Money, but it continues to
download the transactions. I have to assign the transactions or delete them
in order for my reports and budget to be accurate.

This is a serious flaw in Money and I cannot believe that it appeared in
version 2005 and was not addressed in 2006. I am evaluating the trial and
have to really make a decision on whether to buy version 2006 or not. Would
it really be that difficult for MS to come out with a patch to fix this
"bug". I call this a bug because that is what it is. A closed account is
closed and should not be affected in any way, shape, or form. MS calls it an
"oversight" to avoid having to fix the problem. How hard would it be to add
an option to each bank account, a simple check box to include/exclude updates
for this account.

Very, very dissapointed.

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:r4t1l19bcmvlqga493hknqpfr0nthade6p[at]4ax.com...

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Cal, that's the issue here. If you do what you've suggested and "close" the
account, Money will still download all the transactions and although you
won't see the account on the account list, all the downloaded transactions
will continue to show up in reports, and what's worse, Money will continue
to prompt you to "assign" transactions from other accounts, requiring that
you either ignore the prompts and extraneous data, or set up dummy accounts
and do the gratuitous assignments daily. For this reason, I too, had this
discussion with tech support (who confirmed the flaw), got an RMA, and
returned the product. The last thing I need in a personal money management
system is to come home every day and have to assign the dozens of business
transactions I did during the day into dummy accounts. No thanks.

Dont want to argue about this fact I went over and over with it with
both MS Tech support and Smith Barney Tech Support. Finally MS issued
me a RMA for my money 2005 9 months after I bought it because they
argreed it was an oversight by them in both 2005 and 2006. It seems
Smith Barney, JP Morgan , Merrill Lynch and Morgan Stanly combimed
checking / broker account all work the same way. The only way to make
them work in money 2006+ is have your brokerage house set up 2 accounts
for you. 1 as a cash account using only your SSN for both Bill pay and
transactions and then another account for just investments.

If you close an account Money will continue to download all
transactions into the account even if it closed. Thus forcing you
customize every report to filter it out vs Quicken support a HIDE
command which does just that hide the account.

If Smith Barney send out the cash transactions via brokerage account
every time you do an update Money will reactive cash transaction
section again as Money sets up the brokerage account based on the info
recieved from the download. Money will not allow you to do a bill
payment from a brokerage account. Quicken has the same limitation as
well. So way Quicken gets arround that limitation is to Hide the cash
balance in your brokerage account so the info is still being download
but is hidden from all views and reports.

Remember The brokerage houses dont know or how a way I guess to fliter
out cash transaction from there brokerage downloads. Also the problem
is caused by the Bill Pay system from both Quicken and Ms Money not
being able to do a bill pay from a brokerage account. Quicken choose to
find a solution to problem by allowing a hide command which complete
hides the data.

In microsoft.public.money, ob995[at]hotmail.com wrote:

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In Money you can hide an account by "closing" the account, and
customizing the reports you will use to exclude that account.


- quote -

You can go to the details/settings for an investment account and
choose to not track cash transactions.

No Quicken does not use Yodlee so you can pick which accounts you
download. Also Quicken has the ability to hide accounts. I have my
brokerage account with Smith Barney who has an account called FMA. It
has a check writing and bill payment component to it so you have a cash
account that is sweep into your choice of tax free or fdic MM accounts.

I used to be a long time MS Money user and I switch to Quicken just
because of the way Money and Smith Barney work. MS Money you cant hide
the cash component in a brokerage account. So MS Money would download
my cash balance into both a brokerage account and a normal checking
acount and all reports we report I had double the cash. The reason you
need the checking account is because without it you are unable to MS
Money built in bill pay because MS does not support bill pay from a
brokerage account.

In Quicken you can hide an account completely or hide just cash
component of a brokerage account. The reason you need to hide the cash
component of the brokerage account in Quicken is because Quicken also
does not allow you to use the built in Bill Pay from Quicken to make
payments from a brokerage account.

Once you hide the cash component of the brokerage account it does not
show up in any reports at all. It is still downloading all the
transactions into cash account except they are displayed anywhere.

Also remember because Quicken does not use Yodlee most banks either
charge or have a min balance requirement for direct connect services
via Quicken.

For example in MS Money you have a choice to use Yodlee which is free
to download all your cleared transactions from Bank of America or get
Bank of America direct connect service has a 9.99 a month charge but
includes bill pay as well as account downloads. Now Bank of America
will waive the fee for certain account types. If you choose to use Bank
of America service to download and pay your bills with you can choose
which account it will download while free service via yodlee will
download all account information for all acount links to you login.

An easy way to fix the problem might be to have you bank de-link and
put you bussiness account on there own Login and Password for there web
page thus fixing your problem.

"JTO" <jto[at]nospam.com> wrote in message
news:Xns96EF3AE1CDE35jtonospamcom[at]129.250.170.93...

Hey Jay,

By the way, do you (or anyone else reading this) know if Quicken has this
same problem? I wanted to stay with MSFT, but if they can't handle it, I'll
go over to the other side ...

RP

"JTO" <jto[at]nospam.com> wrote in message
news:Xns96EF3AE1CDE35jtonospamcom[at]129.250.170.93...
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Hey Jay,

Thanks for the response. Yes, you're right, I just got off the phone with
MSFT tech support and they verified this and gave me a return authorization.
This is a really lame flaw, worse even then you described because in
addition to the business information being downloaded into Money and showing
up in reports, the program also requires me to assign all these transactions
in Money! The support guy suggested I set up dummy accounts and assign all
of these transactions to them. LOL, like I'm going to do that. I have
hundreds of business transactions going on, and I don't plan to track them
with this software. Too bad, it was indeed looking good otherwise.

RP

Robert,
This is a serious flaw in Money 05 & 06.
I have the same problem and
after seeral sessions with Microsoft, my
bank and online resources I
have come to the conclusion that the
only work around was to mannually
download the transactions from my banks
website. Too much of a pain for
me for something as simple as being
able to track only certain
accounts. There was no way to exclude my
business accounts from
downloading. Closing the account just
does so within Money but the
account will continue to receive
transactions and show up in reports. I
went back to Money 04. Too bad because
I thought Money 06 was a good
program otherwise. Jay

"Robert Perez" <sorry[at]nospamforme.comwrote in
news:OtKASXE0FHA.1252
[at]TK2MSFTNGP09.phx.gbl:

- quote -

I just installed Money 2005 with the intention of tracking my personal
finances only. I have a full business accounting solution for tracking my
business accounts. However, my personal *and* business bank accounts are all
with the same bank, and when I entered the online access information for my
bank, it brought up a list of ALL my accounts.

I don't want to confuse my business accounts with my personal, nor do I even
want to see them here in Money. I just want to see and track my personal.
So, I right clicked on one of the business accounts from the Account list,
and saw an option for "Delete Account ..." and "Close Account". Well, I'm
not interested in Closing my business accounts lol so I tried "Delete ..."
(nervously, but figuring the ellipsis would give me a confirmation option).
Delete Account appears NOT to be what I want. It sounds from the description
like I need to Close the account.

But I'm concerned that Closing the account is going to give some kind of
message to the bank that I want my accounts closed. Call me paranoid, but I
don't think this procedure is very clear at all. All I want to do is track
my personal accounts, and leave my business accounts out of this program
altogether.

Will "Closing" the accounts simply remove them from Money's consideration
and leave them intact at my bank? Equally important, I access my business
accounts online at my office and I'm concerned that "Closing" my accounts
here in Money is going to somehow remove these accounts from showing up
online in my business practice, and I obviously don't want that, either.

Any advice or suggestions on how I should proceed in order to achieve what I
want?

Thank you!

RP