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Posted by Han on March 3, 2007, 7:06 am
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I feel your pain. However, it is caused by the undisputible fact that
you are not following the thought processes of Quicken's programmers. I
have that problem with almost all software programs. What you need to
accept is that they followed their concepts of how things should be done,
and they apparently did not know how you would like to do things. After
several decades Intuit is still struggling with education of customers
and programmers. You want to get accepted into the collective? Think
like "them"! <grin>.
> It's funny that by 2007 and all these years of software tweaking, that
> simple record-keeping still evades Quicken.
I am posing the hypothesis of PEBCAK (acronymfinder.com)
> I just updated my accounts by going online and using Quicken's
> 'update' feature.
That is very good. It works as advertised, just like email. It uses a
record inside a Quicken file to determine which transactions have already
been downloaded, then "goes out" and retrieves what your bank/whatever FI
says is new, in the format they (the bank) provide. Then the trouble
starts. FI sometimes have very stupid ways of presenting the
information: The payee field will say debit, maybe (just maybe) the memo
says from/for whom this debit is. The amount maybe + or -, just the way
the FI feels.
As with junk email, it is up to you the user to "train" Quicken to
decipher the FI codes. This gets even more complicated if you have
already entered a transaction into Quicken, and the program has to figure
out that Jim Smith is the same as Plumber Smith.
Downloading a bunch of transactions, then hitting accept all WILL lead to
mistakes. You need to do this one by one for best results.
> In my checking account I manually accepted a deposit.
> Then I see on my Home view, that this same Payee, same amount etc. is
> OVERDUE!!!
Because you entered a reminder or whatever and have failed to make it
appear in the register and to match it to the downloaded transaction.
Remember PEBCAK?
> Obviously more tweaking is still needed by Intuit.
Or you should try to follow their thoughts. Believe me, in the end it is
easier!
> In the meantime what do I do with this overdue entry? Delete it, leave
> it ???
What do you do with 2 sticky notes on your desk reminding you of the same
thing that you have already done?
> In another account, I have an entry where it says 'Enter cost' in the
> Inv. Amt column. I don't have a clue what I should do here.
> I sold 4000 money market shares.
I have no clue what you are talking about. Presumably you enterede at
some time transaction(s) for the purchase of 4000 sh of a MMF (usually
they are $1/each), or you accumulated them as dividends. Since MMF
shares are $1/each (usually) your coost would have been $4000, whether
purchased out right, or accumulated.
> TIA ric
>
All free advice guaranteed or triple your money back.
--
Best regards
Han
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