[moneydance] Transaction matching rules

[Elana Houde]

I don't download too many accounts (my bank wants $10/mo for the privilege)
but with transaction matching, what I suggested should work.

1.   Download the transactions in account A
2.   Set the category for transfers from or to account B TO account B.   You
can pick accounts in the drop-down.
3.   Go to account B.  You should already see the transfers to/from account
A listed.

MoneyDance uses 2-sides of a transaction.   For example, for
Personal:Dining, you can right-click on a transaction and view the other
side.  This will open Personal:Dining and you can see all transactions in
this category.   The same holds true with transfers and payments to credit
cards.    For example, say you were making a payment to your Discover card.
You would select the Discover card in the category list when making the
payment from your checking account and the payment will show in the Discover
card account as well, eliminating double-entry.

4.  Download transactions for account B
5.  When downloading, the system should locate existing transactions already
in Moneydance and match them.   It should detect your transfers.

On Thu, Jul 31, 2008 at 10:32 PM, David Delmonte <ddelmonte at mac.com> wrote:

> Elana, I think you're telling me this can be done. Could I please ask
> you to walk me through a sample transaction.
>
> Sorry, I'm a long time Quicken user and am new to MoneyDance. I have
> to learn all over again.
>
> Thank you for helping.
>
> David
>
> On Jul 31, 2008, at 10:28 PM, Elana Houde wrote:
>
> After downloading the first set of transactions, make sure the
> category is
> set to the other account.  Then when you download the secondary account,
> match the transaction to the existing entry in the registry.
>
> On Thu, Jul 31, 2008 at 8:55 PM, David Delmonte <ddelmonte at mac.com>
> wrote:
>
> > It's really an issue. I can never reconcile because of this. I
> > reconcile account A. Then B. Have to delete records which affect A.
> > Next month, A requires a re-reconciliation.
> >
> > It's enough to make me want to forgo online Banking altogether.
> >
> > But I presume from your answer that MoneyDance has the same issue :(
> >
> > David
> >
> > On Jul 31, 2008, at 8:51 PM, Ben Walding wrote:
> >
> > On Fri, Aug 1, 2008 at 10:41 AM, David Delmonte <ddelmonte at mac.com>
> > wrote:
> >> One is downloaded from the household account and shows in both
> >> household and personal. The second is downloaded from the personal
> >> account and is also reflected in the household.
> >>
> >> So the end result is that there are a bunch of duplicate
> >> transactions.
> >
> > I also find this frustrating - as it messes with previously reconciled
> > accounts (as I change each side to a transfer).  The additional issue
> > arises where the dates / descriptions on the to/from are different
> > (interbank transfer), thus I have to pick one as the canonical
> > transaction and just ignore the other side being slightly different
> > (and thus ruining running balances during the different days).
> >
> > (a small gripe in the grand scheme of life I know!)
> >
> > Cheers,
> >
> > Ben
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>
>
>
> --
> Elana Houde
> Personal Blog: http://www.clampcampus.com
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-- 
Elana Houde
Personal Blog: http://www.clampcampus.com