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#8
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| 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. |
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#7
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| "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
I was unaware of that and question why Microsoft ignores it, if it's a> the same day's business (for obvious reasons) regulatory requirement for the banks. |
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#6
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| 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. > > > |
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#5
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| 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. |
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#4
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| "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
Being cynical, one might presume that's the same sequence in which the bank> with a lot of activity it looks like the account is > overdrawn before the deposit is entered which is not the case. will apply the debits and credits. That way they're more likely to trigger overdrafts, i.e., fees. |
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#3
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| 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? |
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#2
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| 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? |
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#1
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| [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. |
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| "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
No.> way to reverse this? |
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#-1
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| On any given date, Money records debits first and credits last. Is there a way to reverse this? |
| Tags |
| order, transaction |
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