[moneydance] Transaction matching rules

[Elana Houde]

It works on the two credit cards I sync up with downloads.

On Fri, Aug 1, 2008 at 7:25 AM, David Delmonte <ddelmonte at mac.com> wrote:

> Thanks a ton Elana - if MoneyChange can recognize and match transfers,
> I'll be amazed.
>
> David
>
>
> On Aug 1, 2008, at 7:03 AM, Elana Houde wrote:
>
> 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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> >>
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> >>
> >
> >
> >
> > --
> > Elana Houde
> > Personal Blog: http://www.clampcampus.com
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> >
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> >
>
>
>
> --
> Elana Houde
> Personal Blog: http://www.clampcampus.com
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-- 
Elana Houde
Personal Blog: http://www.clampcampus.com