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| In microsoft.public.money, Dick Watson wrote: - quote - > Money (any version) can't match one $100 transaction downloaded from the
Oops... I was thinking two paychecks on the same download rather> bank with the combined effect of a $75 transaction entered in Money and a > $25 transaction entered in Money. than combined into the same transaction. I agree. |
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#1
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| In microsoft.public.money, Jim wrote: - quote - > I'd like to know if Money (any version) can correctly match two paychecks in
If you have transactions in the register, Money will try to match> the same deposit if I download the transactions from my bank? I have one > paycheck that gets deposited weekly, and the other bi-weekly. So twice a > month there are deposits with multiple paychecks. Currently I'm using > another financial software, but considering switching to Money. I'd like to > know if it can handle this before I do. I have no previous experience with > Microsoft Money. upon download. Sometimes it guesses wrong. You would want to be alert and click the Change button after downloading and before accepting the downloaded transaction. The transactions can be scheduled to be added to the register in advance of the anticipated paycheck. http://www.microsoft.com/money/info/trial/faq.asp tells about the 60-day free trial of Deluxe. |
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| Money (any version) can't match one $100 transaction downloaded from the bank with the combined effect of a $75 transaction entered in Money and a $25 transaction entered in Money. Since it is a given in Money that one transaction has one Payee, combining two separate items into one deposit creates a lot more problems for Money than for your bank. If these two are paychecks, it only gets worse. Trying to combine two stubs into one Money paycheck transaction would be confusing at best. The answer to this was cited in several threads recently, and has been filed in my FAQ pending file: --- The category part is easy. You use the split. But the tougher part is if you want to list all of the payees. A Money transaction allows one Payee, no matter how many splits. This makes it hard to list ten payees for ten checks in one split transaction. Some choices: 1a) Ignore the payees and put them all in one split transaction. 1b) Put the payees in the memo(s) and make the Payee something like (various). 2) "Deposit" all the checks in separate transactions to some Money account that is not the real world Bank account. If you have a pocket change account, for instance, this is a good place to do it. Then do a single transfer of the total amount to the actual account where these are deposited. 3) Ignore the fact that you deposited them in one deposit and create multiple Money transactions. This makes it slightly more difficult to reconcile vs. the bank statement since you have to remember that all of these small deposits in Money add up to that large deposit on the statement. Re. #1, since a Money Paycheck is a special type of split, if one of the items deposited is a paycheck and you do full accounting in a Paycheck transaction, adding other checks to this deposits probably causes more confusion than it is worth. But you could do it. Just add them to the after tax tab. #3 causes grief for those who download transaction data. "Jim" <jimkoh[at]earthlink.net> wrote in message news:%23RhwKDpQEHA.904[at]TK2MSFTNGP12.phx.gbl... - quote - > Hello, > I'd like to know if Money (any version) can correctly match two paychecks in > the same deposit if I download the transactions from my bank? I have one > paycheck that gets deposited weekly, and the other bi-weekly. So twice a > month there are deposits with multiple paychecks. Currently I'm using > another financial software, but considering switching to Money. I'd like to > know if it can handle this before I do. I have no previous experience with > Microsoft Money. > Thanks > Jim |
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| Hello, I'd like to know if Money (any version) can correctly match two paychecks in the same deposit if I download the transactions from my bank? I have one paycheck that gets deposited weekly, and the other bi-weekly. So twice a month there are deposits with multiple paychecks. Currently I'm using another financial software, but considering switching to Money. I'd like to know if it can handle this before I do. I have no previous experience with Microsoft Money. Thanks Jim |
| Tags |
| multiple, paychecks |
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