Matching DL Deposits with Invoice Payments

#2 07-13-2004, 07:56 PM

Thanks, Andy, for bringing up perhaps the most INFURIATING issue with
an otherwise great piece of software. Although I dislike Quicken, I
was forced to migrate to it primarily because I could not get along
with this particular feature. I am sure it is also related to the
issue by which paid invoices are not accounted for in budgets, which
IMHO removes a significant chunk of functionality.

Perhaps as this defect is brought up repeatedly the folks at MS will
take heed and finally fix it (it is a known issue).

"Andy Nestor" <Andrew.Nestor[at]AmbTechAdvisors.com> wrote in message news:<Og#b0l9VEHA.2444[at]TK2MSFTNGP11.phx.gbl> ...
- quote -

> I have setup Money 2004 Small Business to download transactions from my
> bank. This is working fine. Most of the deposits are payments received for
> invoices.
> When I download the deposit record from the bank, it does not match the
> transaction with the existing transaction that was created when I run the
> "Receive payment for invoice" task in the Accounts Receivable window.
> Furthermore, when I try to manually match the downloaded transactions, the
> deposits created manually do not appear.
> What is wrong here? Is there something I'm missing or is there a problem
> with the program?
> Andy Nestor

#1 06-26-2004, 07:58 PM

On Thu, 24 Jun 2004 12:12:06 -0400, "Andy Nestor"
<Andrew.Nestor[at]AmbTechAdvisors.com> wrote:

- quote -

> Due to the "underwhelming" response to my earlier post I decided to contact MS product support on this issue. I'm posting the results here for the benefit of those who monitor this newsgroup.
> The tech observed the same problem (he seemed to be unaware of the problem previously). He suggested a work around of marking the manual transaction ("payment for invoice") as cleared and deleting the downloaded transaction without accepting it.

I reported this same problem in Money 2003 over a year ago. They do
know about it. It's been reported here often. Apparently they either
can't or won't fix it.

- quote -

> I tried the work around and it works OK and the deposit does not get re-downloaded from my bank. It seems to me that the work around could be a problem if you don't balance the account as soon as you receive the statement from the bank.
> Andy Nestor
> "Andy Nestor" <Andrew.Nestor[at]AmbTechAdvisors.com> wrote in message news:Og%23b0l9VEHA.2444[at]TK2MSFTNGP11.phx.gbl...
> > I have setup Money 2004 Small Business to download transactions from my
> > bank. This is working fine. Most of the deposits are payments received for
> > invoices.
> > > When I download the deposit record from the bank, it does not match the
> > transaction with the existing transaction that was created when I run the
> > "Receive payment for invoice" task in the Accounts Receivable window.
> > Furthermore, when I try to manually match the downloaded transactions, the
> > deposits created manually do not appear.
> > > What is wrong here? Is there something I'm missing or is there a problem
> > with the program?
> > > Andy Nestor
> >

06-24-2004, 04:12 PM

Due to the "underwhelming" response to my earlier post I decided to contact MS product support on this issue. I'm posting the results here for the benefit of those who monitor this newsgroup.

The tech observed the same problem (he seemed to be unaware of the problem previously). He suggested a work around of marking the manual transaction ("payment for invoice") as cleared and deleting the downloaded transaction without accepting it.

I tried the work around and it works OK and the deposit does not get re-downloaded from my bank. It seems to me that the work around could be a problem if you don't balance the account as soon as you receive the statement from the bank.

Andy Nestor

"Andy Nestor" <Andrew.Nestor[at]AmbTechAdvisors.com> wrote in message news:Og%23b0l9VEHA.2444[at]TK2MSFTNGP11.phx.gbl...
- quote -

> I have setup Money 2004 Small Business to download transactions from my
> bank. This is working fine. Most of the deposits are payments received for
> invoices.
> When I download the deposit record from the bank, it does not match the
> transaction with the existing transaction that was created when I run the
> "Receive payment for invoice" task in the Accounts Receivable window.
> Furthermore, when I try to manually match the downloaded transactions, the
> deposits created manually do not appear.
> What is wrong here? Is there something I'm missing or is there a problem
> with the program?
> Andy Nestor

#-1 06-21-2004, 09:46 PM

I have setup Money 2004 Small Business to download transactions from my
bank. This is working fine. Most of the deposits are payments received for
invoices.

When I download the deposit record from the bank, it does not match the
transaction with the existing transaction that was created when I run the
"Receive payment for invoice" task in the Accounts Receivable window.
Furthermore, when I try to manually match the downloaded transactions, the
deposits created manually do not appear.

What is wrong here? Is there something I'm missing or is there a problem
with the program?

Andy Nestor

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