Q07 Renaming

Posted by Dick on August 19, 2006, 2:14 pm

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Just installed Q07 and I have a very basic problem with renaming payees when
I download from my bank. When the bank records the payee name such as Social
security direct deposits and if there are two deposits (my wife and I
different $ amounts it's recorded twice each with the correct $ amount.
When I down load it I want to change the Payee name to either my self or my
spouse which ever it belongs to. I can't figure out how to make that happen.
Any help is appreciated.

Posted by John Pollard on August 19, 2006, 2:40 pm

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> Just installed Q07 and I have a very basic problem with

> renaming payees when I download from my bank. When the bank

> records the payee name such as Social security direct deposits

> and if there are two deposits (my wife and I different $

> amounts it's recorded twice each with the correct $ amount.

> When I down load it I want to change the Payee name to either

> my self or my spouse which ever it belongs to. I can't figure

> out how to make that happen. Any help is appreciated.

It's not crystal clear what your problem is.

For starters; did you upgrade from a previous version of Quicken
that had renaming rules but you believe that Q2007 is not
handling renaming the same as it was handled in your previous
version?

Renaming depends on finding unique data in the Payee and/or Memo
fields to identify the "true" payee. If the downloaded SS
transactions for you and your wife have the exact same data in
the payee and memo fields, you can't use renaming rules to
assign two different payee names to those transactions.

If there is data in the Payee or Memo field that is different
for you and your wife, but constant for each of you individually
for every download, then Quicken can use that to rename.

Posted by DP on August 19, 2006, 3:00 pm

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>> Just installed Q07 and I have a very basic problem with renaming payees

>> when I download from my bank. When the bank records the payee name such

>> as Social security direct deposits and if there are two deposits (my wife

>> and I different $ amounts it's recorded twice each with the correct $

>> amount. When I down load it I want to change the Payee name to either my

>> self or my spouse which ever it belongs to. I can't figure out how to

>> make that happen. Any help is appreciated.

<< snip>>

> Renaming depends on finding unique data in the Payee and/or Memo fields to

> identify the "true" payee. If the downloaded SS transactions for you and

> your wife have the exact same data in the payee and memo fields, you can't

> use renaming rules to assign two different payee names to those

> transactions.

> If there is data in the Payee or Memo field that is different for you and

> your wife, but constant for each of you individually for every download,

> then Quicken can use that to rename.

Here's a thought: What if you created scheduled transactions for these two
and have Quicken prompt you a few days before they are supposed to be
entered? Then you'd have "Dick's SS Payment" and "Mary's SS Payment." I'm
assuming, perhaps incorrectly, that the amounts will be different. (I'm also
assuming your wife is named Mary. :-) )
Then when you download the actual payment, Quicken MIGHT be able to match
the d/l against the scheduled transaction (which will already be in the
register because Quicken prompted you to put it in) and match it up that
way. If it doesn't match it up that way, it should at least give you the
opportunity to manually match it up with an existing transaction. That way,
the d/l'd transaction would have the name you want to give it.

Anybody see any problems with this idea that I'm not seeing? This should
work, shouldn't it?

Posted by Dick on August 19, 2006, 3:15 pm

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DP,
Thanks for you response, but I already have a schedule transactions for
these setup and your solution doesn't work.
PS My wife's name is Mary good guess....

>>> Just installed Q07 and I have a very basic problem with renaming payees

>>> when I download from my bank. When the bank records the payee name such

>>> as Social security direct deposits and if there are two deposits (my

>>> wife and I different $ amounts it's recorded twice each with the

>>> correct $ amount. When I down load it I want to change the Payee name to

>>> either my self or my spouse which ever it belongs to. I can't figure out

>>> how to make that happen. Any help is appreciated.

> << snip>>

>> Renaming depends on finding unique data in the Payee and/or Memo fields

>> to identify the "true" payee. If the downloaded SS transactions for you

>> and your wife have the exact same data in the payee and memo fields, you

>> can't use renaming rules to assign two different payee names to those

>> transactions.

>> If there is data in the Payee or Memo field that is different for you and

>> your wife, but constant for each of you individually for every download,

>> then Quicken can use that to rename.

> Here's a thought: What if you created scheduled transactions for these

> two and have Quicken prompt you a few days before they are supposed to be

> entered? Then you'd have "Dick's SS Payment" and "Mary's SS Payment." I'm

> assuming, perhaps incorrectly, that the amounts will be different. (I'm

> also assuming your wife is named Mary. :-) )

> Then when you download the actual payment, Quicken MIGHT be able to match

> the d/l against the scheduled transaction (which will already be in the

> register because Quicken prompted you to put it in) and match it up that

> way. If it doesn't match it up that way, it should at least give you the

> opportunity to manually match it up with an existing transaction. That

> way, the d/l'd transaction would have the name you want to give it.

> Anybody see any problems with this idea that I'm not seeing? This should

> work, shouldn't it?

Posted by DP on August 19, 2006, 3:19 pm

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So when a transaction is downloaded, it doesn't match it up to the scheduled
transaction? The scheduled transaction is already in the register right?
In the list of downloaded transactions, it doesn't give you a chance to
match it up with anything already in the register?

PS: Give my regards to Mary.

> DP,

> Thanks for you response, but I already have a schedule transactions for

> these setup and your solution doesn't work.

> PS My wife's name is Mary good guess....

>>>

>>>> Just installed Q07 and I have a very basic problem with renaming payees

>>>> when I download from my bank. When the bank records the payee name such

>>>> as Social security direct deposits and if there are two deposits (my

>>>> wife and I different $ amounts it's recorded twice each with the

>>>> correct $ amount. When I down load it I want to change the Payee name

>>>> to either my self or my spouse which ever it belongs to. I can't figure

>>>> out how to make that happen. Any help is appreciated.

>>>

>> << snip>>

>>> Renaming depends on finding unique data in the Payee and/or Memo fields

>>> to identify the "true" payee. If the downloaded SS transactions for you

>>> and your wife have the exact same data in the payee and memo fields, you

>>> can't use renaming rules to assign two different payee names to those

>>> transactions.

>>>

>>> If there is data in the Payee or Memo field that is different for you

>>> and your wife, but constant for each of you individually for every

>>> download, then Quicken can use that to rename.

>> Here's a thought: What if you created scheduled transactions for these

>> two and have Quicken prompt you a few days before they are supposed to be

>> entered? Then you'd have "Dick's SS Payment" and "Mary's SS Payment." I'm

>> assuming, perhaps incorrectly, that the amounts will be different. (I'm

>> also assuming your wife is named Mary. :-) )

>> Then when you download the actual payment, Quicken MIGHT be able to match

>> the d/l against the scheduled transaction (which will already be in the

>> register because Quicken prompted you to put it in) and match it up that

>> way. If it doesn't match it up that way, it should at least give you the

>> opportunity to manually match it up with an existing transaction. That

>> way, the d/l'd transaction would have the name you want to give it.

>> Anybody see any problems with this idea that I'm not seeing? This should

>> work, shouldn't it?