Go Back   CDN Business Directory > Main Category > Microsoft Money

 
 
Thread Tools Display Modes
  #8  
Old 11-13-2005, 07:43 PM
Dick Watson
Guest
 
Posts: n/a
Default Re: Transaction Order

Perhaps because they know that the balance at the end of the day is really
all that matters for Money's purposes.

"Chris Cowles" <NoSpam[at]For.me> wrote in message
news:uqHmpWH6FHA.3592[at]TK2MSFTNGP12.phx.gbl...
- quote -

> I was unaware of that and question why Microsoft ignores it, if it's a
> regulatory requirement for the banks.



  #7  
Old 11-13-2005, 04:14 PM
Chris Cowles
Guest
 
Posts: n/a
Default Re: Transaction Order

"BDC" <BDC[at]discussions.microsoft.com> wrote in message
news:8DC5C8EA-3AA9-45F6-A31F-FEB360E1D661[at]microsoft.com...

- quote -

> Federal regulations require the posting of all credits priot to debits for
> the same day's business (for obvious reasons)


I was unaware of that and question why Microsoft ignores it, if it's a
regulatory requirement for the banks.


  #6  
Old 11-13-2005, 02:58 AM
BDC
Guest
 
Posts: n/a
Default Re: Transaction Order

As a former Quicken user, I was annoyed at the transaction order of Money.
Federal regulations require the posting of all credits priot to debits for
the same day's business (for obvious reasons), and this is the way Qkn orders
the transactions...all credits followed by debits for any given day. Sad
this is not the case w/Mny.

"noitatskrow" wrote:

- quote -

> I appreciate the cynicism but every bank I've dealt with has always posted
> deposits before debits.
> For what it's worth, Quicken also controls order of entry when imports qif
> files but it records credits before debits.
> I switched to Money because Intuit got greedy by doing away with support for
> qif in favor of ofx. It was easier for me to switch applications rather than
> to move to another bank.
> If you're a huge financial institution it's no big deal to pay the license
> fee to Intuit to use ofx. If you're a smaller bank or credit union you might
> not be able to justify the fee, as is the case with my bank.
> "Chris Cowles" wrote:
> > > "noitatskrow" <noitatskrow[at]discussions.microsoft.com> wrote in message

> > news:EBA5109C-6B7E-4629-A6D4-0AFB0193B77A[at]microsoft.com...
> > > This is not a huge problem for me. It's just that for a checking account
> > > with a lot of activity it looks like the account is
> > > overdrawn before the deposit is entered which is not the case.
> > > Being cynical, one might presume that's the same sequence in which the bank

> > will apply the debits and credits. That way they're more likely to trigger
> > overdrafts, i.e., fees.
> > >
  #5  
Old 11-02-2005, 11:15 PM
noitatskrow
Guest
 
Posts: n/a
Default Re: Transaction Order

I appreciate the cynicism but every bank I've dealt with has always posted
deposits before debits.

For what it's worth, Quicken also controls order of entry when imports qif
files but it records credits before debits.

I switched to Money because Intuit got greedy by doing away with support for
qif in favor of ofx. It was easier for me to switch applications rather than
to move to another bank.

If you're a huge financial institution it's no big deal to pay the license
fee to Intuit to use ofx. If you're a smaller bank or credit union you might
not be able to justify the fee, as is the case with my bank.

"Chris Cowles" wrote:

- quote -

> "noitatskrow" <noitatskrow[at]discussions.microsoft.com> wrote in message
> news:EBA5109C-6B7E-4629-A6D4-0AFB0193B77A[at]microsoft.com...
> > This is not a huge problem for me. It's just that for a checking account
> > with a lot of activity it looks like the account is
> > overdrawn before the deposit is entered which is not the case.

> Being cynical, one might presume that's the same sequence in which the bank
> will apply the debits and credits. That way they're more likely to trigger
> overdrafts, i.e., fees.

  #4  
Old 11-02-2005, 01:48 PM
Chris Cowles
Guest
 
Posts: n/a
Default Re: Transaction Order


"noitatskrow" <noitatskrow[at]discussions.microsoft.com> wrote in message
news:EBA5109C-6B7E-4629-A6D4-0AFB0193B77A[at]microsoft.com...
- quote -

> This is not a huge problem for me. It's just that for a checking account
> with a lot of activity it looks like the account is
> overdrawn before the deposit is entered which is not the case.


Being cynical, one might presume that's the same sequence in which the bank
will apply the debits and credits. That way they're more likely to trigger
overdrafts, i.e., fees.


  #3  
Old 11-02-2005, 01:32 PM
noitatskrow
Guest
 
Posts: n/a
Default Re: Transaction Order

I tried manual entry - works fine, but I never do manual entries. This occurs
when I import .qif from my bank. The content of the the file is most recent
transaction first. Even if the deposit is down in the list, Money enters it
last. I tried changing the date of the deposit to an earlier date then back
again, it goes right back to the old position of credits after debits for
that date.

This is not a huge problem for me. It's just that for a checking account
with a lot of activity it looks like the account is overdrawn before the
deposit is entered which is not the case.

"Dick Watson" wrote:

- quote -

> Are you sure it's not entry order for unnumbered transactions? Try entering
> a credit then a debit by hand.
> "noitatskrow" <noitatskrow[at]discussions.microsoft.com> wrote in message
> news:F29E4964-14C1-4A53-811B-F60CA4A6DE98[at]microsoft.com...
> > On any given date, Money records debits first and credits last. Is there a
> > way to reverse this?

  #2  
Old 11-02-2005, 02:35 AM
Dick Watson
Guest
 
Posts: n/a
Default Re: Transaction Order

Are you sure it's not entry order for unnumbered transactions? Try entering
a credit then a debit by hand.

"noitatskrow" <noitatskrow[at]discussions.microsoft.com> wrote in message
news:F29E4964-14C1-4A53-811B-F60CA4A6DE98[at]microsoft.com...
- quote -

> On any given date, Money records debits first and credits last. Is there a
> way to reverse this?



  #1  
Old 11-02-2005, 01:10 AM
noitatskrow
Guest
 
Posts: n/a
Default Re: Transaction Order

[at]&%*)#$_[at]*!

Thank you.

"Chris Cowles" wrote:

- quote -

> "noitatskrow" <noitatskrow[at]discussions.microsoft.com> wrote in message
> news:F29E4964-14C1-4A53-811B-F60CA4A6DE98[at]microsoft.com...
> > On any given date, Money records debits first and credits last. Is there a
> > way to reverse this?

> No.

 
Old 11-02-2005, 12:44 AM
Chris Cowles
Guest
 
Posts: n/a
Default Re: Transaction Order

"noitatskrow" <noitatskrow[at]discussions.microsoft.com> wrote in message
news:F29E4964-14C1-4A53-811B-F60CA4A6DE98[at]microsoft.com...
- quote -

> On any given date, Money records debits first and credits last. Is there a
> way to reverse this?


No.


  #-1  
Old 11-01-2005, 10:06 PM
noitatskrow
Guest
 
Posts: n/a
Default Transaction Order

On any given date, Money records debits first and credits last. Is there a
way to reverse this?
 

Tags
order, transaction
Similar Threads
Thread Forum Replies Last Post
Banks download file transaction information is in the wrong order
Microsoft: I download from franklin mint and I have to edit every transaction because every transaction puts the info in the memo field and seem to leave the...
Microsoft Money 1 12-26-2004 06:09 PM
Transaction Order
Randell: When I import from my bank (using the OFX file) Money sometimes does not enter the transactions in the proper order. For example, in my checking...
Microsoft Money 8 01-21-2004 07:03 PM
Can't Order M04 outside US
Scott Thomson: Any idea why shopping web sites will not accept ordres for Money 2004 outside US? Doesn't worry me if its a US version.
Microsoft Money 6 07-19-2003 07:05 AM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 02:13 PM.