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Posted by Brian Bosley on June 1, 2006, 5:59 pm
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>> Can any one tell me why, when exporting bank statement
>> transactions, then importing into Quicken, that the program
>> seems to use a dice to select the category for the
>> transaction. I have not yet found a way to intervene and
>> override this lottery. Having to go through scores of
>> transactions to check and correct categories is time consuming
>> and defeats the object of the original exercise.
>
> I use the US version of Quicken; there are differences, can't
> tell whether any of those differences have anything to do with
> your situation. Response based totally on US version.
>
> The single most important thing governing the assigment of
> categories is the Memorized Payee list: if your downloaded
> payee
> is in your Memorized payee list (and you have QuickFill turned
> on - see Quicken Preferences), the category assigned to your
> memorized payee should be assigned to any downloaded
> transaction
> for that payee.
>
> [If the downloaded payee name does not match your memorized
> payee, but is truely the same payee, you can use Renaming Rules
> to have Quicken automatically rename the downloaded payee to
> match the name of your memorized payee, thereby allowing
> Quicken
> to assign the memorized category to the transaction.]
>
> If there is no memorized payee that matches the downloaded
> payee, Quicken has an option to do something it calls "auto
> categorization"; if you'd rather have no category assigned than
> the one Quicken "auto" assigns, turn off this option - see
> Quicken Preferences. (Quicken says it uses info from something
> called "infoUSA, Inc." for this feature, so possibly it does
> not
> apply to the Australian version, or perhaps another source of
> info is used, or ....).
>
> Also, credit card transactions may have a "merchant code"
> assigned by the credit card company which Quicken may use to
> assign categories; best bet to avoid this is to have a
> memorized
> transaction in place.
>
>
>> Also, one regular transaction consistently refuses point blank
>> to download at all., although this may be a problem with my
>> Bank.
>
>
Thank you for that info. What you say is logical, and I would
think it applies to the Australian version as well.
I will go through my register and make sure all transactions are
memorised and see how that goes, although I am almost sure that
this is happening with transactions that are already memorised.
One problem I can foresee, is different transaction categories
from the same payee.
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