Too many of us Americans have forgotten about core values like teamwork, compromise, morality...
On Sun, May 28, 2023 at 1:06 PM Kalpesh Patel <kalpesh.pa...@usa.net> wrote: > See responses in-line (with 'KP -->' line) ... > > -----Original Message----- > From: Brad Morrison <bradmorri...@sonic.net> > Sent: Saturday, May 27, 2023 2:15 PM > To: gnucash-user@gnucash.org > Cc: fdxmemberservi...@financialdataexchange.org; > fdxsupp...@financialdataexchange.org > Subject: Re: [GNC] OFX transactional data downloads from FDIC insured banks > > Aha, thanks Kalpesh! I did not understand the technical differences > between OFX (https://financialdataexchange.org/ofx & > https://en.wikipedia.org/wiki/Open_Financial_Exchange) & QFX ( > https://en.wikipedia.org/wiki/QFX_(file_format)). > > So based on what you are highlighting here, GnuCash does NOT typically > have issues importing downloaded QFX files (nor downloaded OFX files) and > the main differences in GnuCash between OFX & QFX are the ability to > directly connect to your financial institution using OFX Direct Connect > - correct? > > > KP-->For this truly it has never not worked in many years. GNC technically > uses OFX format for Direct Connect, but for import OFX and QFX are treated > equally. Direct Connect and import process are two distinct and un-joined > operation in GNC although they may share the same libraries call in the > back-end to parse the data. > > > https://wiki.gnucash.org/wiki/OFX_Direct_Connect_Bank_Settings & > https://wiki.gnucash.org/wiki/Setting_up_OFXDirectConnect > > If so, searching for a bank that specifically allows OFX transactional > data downloads may just be pursuing open source only for the sake of being > open source and may not be relevant to many GnuCash users. I have been > surprised at how many people on this mailing list still use Windows and Mac > OSs, but what do I know... > > > KP-->In short, yes. At the end of the day banks are doing so as result of > what makes the most money for them and that means attracting variety of > customers including customers that utilize personal financial management > application with Intuit Quicken and defunct MS Money being the earliest > pioneers. They sort of created the standard which has been ingrained in > many bank's offering for many moons as nothing else existed for very long > time, thus quite a good deal of them continue to offer OFX format to be > widely compatible or it has been there and working so why bother ripping it > out. Windows or Mac OS doesn’t have anything to do with the download > offering. There are some that have gone from the open source to proprietary > direction (Schwab did that few years back where only connection from > Quicken infrastructure is permitted to download data in OFX format. Of > course this most likely involves money being exchange between the parties > to become closed eco system). Typically large banks have enough staff and > IP to be able to offer it themselves from in-house while other regional > smaller banks who outsource their platform to third parties also offer them > because they can tout it as a feature available to Banks to offer to > customers. > > > https://financialdataexchange.org/ofx - this OFX Work group page does not > appear to have been updated since my May 18 email (below), so I will cc the > FDX email addresses I found once again. Silicon Valley Bank is still listed > as a "Active OFX solution providers participant" although SVB does still > seem to exist as a division of First Citizens Bank (https://www.svb.com/). > And 2020 is still listed as the copyright year for FDX at the bottom... > > > KP-->Sadly OFX is dying by thousands cuts as newer and better APIs have > become available that provide better fidelity, along with security, of data > as part of the innovation from Internet coming together. Bank of America > and Chase are in this boat. Also there is continent divide as well. The US > has languished behind in standardization innovation behind the EU, hence > GNC offering multiple types of import. > > > I will look more into Plaid later - > https://en.wikipedia.org/wiki/Plaid_Inc. > > Thanks, > > Brad > > On 5/22/23 11:21, Kalpesh Patel wrote: > > I can confirm thathttps://www.chase.com/ provides download of accounts > (credit card, checking or saving) in QFX format from their web site. At one > Chase even provided direct connect OFX download via an API call which they > shuttered in 2022. If you have Plaid then you can go to Plaid+ subscription > to download somewhat delayed transaction in OFX format for number of > financial institutions that do not provided direct connect OFX mechanism. > > > > QFX format is proprietary of Intuit which contains colon separated > key-value paired header information at the beginning of the file (like > below) and then the standard XML OFX data payload: > > > > OFXHEADER:100 > > DATA:OFXSGML > > VERSION:102 > > SECURITY:NONE > > ENCODING:USASCII > > CHARSET:1252 > > COMPRESSION:NONE > > OLDFILEUID:NONE > > NEWFILEUID:NONE > > > > OFX importer in GNC simply ignores this header information hence it is > quite often refers to as one and same in the GNC context. > > > > > > > > -----Original Message----- > > From: Brad Morrison<bradmorri...@sonic.net> > > Sent: Sunday, May 21, 2023 11:03 AM > > To:gnucash-user@gnucash.org > > Subject: [GNC] OFX transactional data downloads from FDIC insured > > banks > > > > Hi Stephen/Bob/Gyle/all, > > > > Gyle: I emailed Bask Bank (customersupp...@baskbank.com), Presidential > Bank (em...@presidential.com), & CIT Bank (serv...@cit.com) on Thursday, > May 18 at about 7 PM PST and have not heard back from any of them yet (CIT > did send an automated response immediately). We will see what they say. > > > > Bob: I made a comment on Huntington Bank's Facebook page > > (https://www.facebook.com/HuntingtonBank/) about 15 minutes ago because > they do not seem to have email customer service options on the Contact Us > page on their website ( > https://www.huntington.com/customer-service/contact-us). We will see what > they say. > > > > Stephen: you said "JP Morgan Chase Bank provides OFX/QFX format > downloads of Checking and Savings Accounts" do you meanhttps:// > www.jpmorganchase.com/ orhttps://www.jpmorgan.com/global orhttps:// > www.chase.com/ or something else? JPM is an enormous financial > institution (https://www.google.com/finance/quote/JPM:NYSE) and I don't > know where to direct my inquiries. > > > > In addition, my understanding is that there is a difference between > > OFX > > (https://en.wikipedia.org/wiki/Open_Financial_Exchange) and QFX ( > https://en.wikipedia.org/wiki/QFX_(file_format)), but it seems like many > people are lumping them together - ? > > > > My standard ask goes something like this: > > > > "Hi, > > > > I use GnuCash (https://gnucash.org/), an open source accounting > > software. Does ____ Bank allow transactional data to be downloaded in > > the OFX file format > > (https://en.wikipedia.org/wiki/Open_Financial_Exchange & > > https://financialdataexchange.org/ofx) or does ____Bank only allow > proprietary/patented/corporate file formats (like QFX, owned by Intuit) for > transactional data downloads? > > > > Thank you, > > > > Brad" > > > > I changed the email subject title from the "Tax report options > (flywire)" one as the conversation only went in this direction and Alex > Aycinena,nor anyone else, added to what I was saying about the tax data > format options (see emails below). > > > > Thank you for your help in this project! > > > > Brad > > > > > > On 5/19/23 12:41, Gyle McCollam wrote: > >> Bob, > >> You replied to me only. I was replying to Brad. You should use reply > all so that your reply goes to the list. > >> > >> > >> Thank You, > >> > >> Gyle McCollam > >> > >> Gyle McCollam > >> > >> gmccol...@live.com<mailto:gmccol...@gyleshomes.com> email > >> > >> ________________________________ > >> From: Bob Crochelt<rf...@fastmail.com> > >> Sent: Friday, May 19, 2023 2:02 PM > >> To: Gyle McCollam<gmccol...@live.com> > >> Subject: Re: [GNC] Tax report options (flywire) > >> > >> Hi: > >> Huntington Bank offers OFX/QFX for checking and savings, but not AFAIK > CD's. > >> HTH > >> Bob Crochelt > >> > >> On Thu, May 18, 2023 at 03:48:18PM +0000, Gyle McCollam wrote: > >>> Brad, > >>> As fr as banks with FDIC Insurance and OFX/QFX downloads, I can think > of 3 off the top of my head. Presidential Bank in MD, good rate, but only > on the 1st $25,000 in checking with conditions. 2nd, Bask Bank/Texas > Capital, limited to 2 savings accounts and CDs. Last. but not least CIT > Bank (not CITI). I'm sure there are many others and even if they only > offer CSV downloads, that is almost as easy once you've done it once. > >>> > >>> > >>> Thank You, > >>> > >>> Gyle McCollam > >>> > >>> Gyle McCollam > >>> > >>> gmccol...@live.com<mailto:gmccol...@gyleshomes.com> email > >>> > >>> ________________________________ > >>> From: gnucash-user<gnucash-user-bounces+gylemc=gmail....@gnucash.org> > > >>> on behalf of Brad Morrison<bradmorri...@sonic.net> > >>> Sent: Thursday, May 18, 2023 5:56 AM > >>> To:gnucash-user@gnucash.org <gnucash-user@gnucash.org> > >>> Cc:fdxmemberservi...@financialdataexchange.org > >>> <fdxmemberservi...@financialdataexchange.org>;fdxsupport@financialda > >>> t aexchange.org<fdxsupp...@financialdataexchange.org> > >>> Subject: Re: [GNC] Tax report options (flywire) > >>> > >>> Hi Alex/all, > >>> > >>> Thank you for the overarching explanations about how GnuCash Tax > >>> Report Options work and some of the issues behind that. > >>> > >>> As I covered in my April 25 post > >>> (https://lists.gnucash.org/pipermail/gnucash-user/2023-April/106671. > >>> h tml), I have been trying to find US based FDIC insured banks that > >>> allow for transactional data to be downloaded in the OFX file format > >>> (https://en.wikipedia.org/wiki/Open_Financial_Exchange). I have > >>> still not been able to find any that do, so I dug a bit deeper (the > >>> ICBA and several other banking associations did not respond to my > >>> inquiries) and noticed that the Financial Data Exchange group that > >>> hosts the "OFX Work Group" (https://financialdataexchange.org/ofx) > >>> seems to be quite out of date (copyright date at the bottom lists > >>> 2020 as the year, 2019 is the last date on the timeline, etc.). The > >>> Financial Data Exchange homepage > >>> (https://financialdataexchange.org/) looks better maintained and > >>> seems to have several news items from the last month, but also has > >>> that 2020 copyright date at the bottom. FDX also has this Tax Data > >>> Exchange section > >>> (https://financialdataexchange.org/FDX/FDX/US-Tax/US-Tax-Forms.aspx? > >>> h > >>> key=00bae613-7ec8-4c93-8e37-4712f09ae255) > >>> under the "Resources" tab, but it also looks a bit stale. You may be > >>> able to parse the technical information there better than I can, but > >>> it might be worth a look as that Tax Data Exchange page also seems > >>> to acknowledge what you are saying about TXF code being abandoned > >>> ("Standards-based JSON files are superior to both CSV and TXF files > >>> CSV files require proprietary programs to process. Documentation and > >>> support of the TXF standard has dwindled and has now been > >>> fully-replaced by new > >>> standards.") > >>> > >>> I do not know if GnuCash is already a member of FDX, but that maybe > >>> something to consider...? > >>> > >>> Brad > >>> > >>> On 5/17/23 12:08, Alex Aycinena wrote: > >>>> On Wed, May 17, 2023 at 9:00 AM<gnucash-user-requ...@gnucash.org> > wrote: > >>>> > >>>>> ---------- Forwarded message ---------- > >>>>> From: flywire<flywi...@gmail.com> > >>>>> To: Gnucash Users<gnucash-user@gnucash.org> > >>>>> Cc: > >>>>> Bcc: > >>>>> Date: Wed, 17 May 2023 17:17:45 +1000 > >>>>> Subject: Re: [GNC] Tax report options > >>>>> https://lists.gnucash.org/pipermail/gnucash-user/2023-May/107018.h > >>>>> t > >>>>> ml > >>>>> flywire wrote: > >>>>> > >>>>>> It is a spreadsheet process to add share/franking credits to > >>>>>> etf/franking credits (Distribution:13Q) and similar for capital > >>>>>> gains > >>>>>> (Distribution:18H:18A) since the components are the same tax item. > >>>>>> Any thoughts of how I could sum them in reports from different > account trees? > >>>>>> > >>>>> lol In the heat of the moment preparing tax I'd never thought of > >>>>> just transferring the total to the main account for that item. > >>>>> > >>>>> https://lists.gnucash.org/pipermail/gnucash-user/2023-May/107020.h > >>>>> t > >>>>> ml > >>>>> flywire wrote: > >>>>> > >>>>>> ...there are 13 annual returns > >>>>>> > >>>>> To be clear, the items on the return map to different tax codes, > >>>>> eg franking credits is 13Q on a personal return and 8D on a trust > >>>>> return. I'd expect a table would need to be maintained for each > >>>>> return type. Australian codes hardly change over time which likely > >>>>> means there would be no active maintenance. > >>>>> > >>>>> Is it as simple as just using a unique tax code as account code > >>>>> and then reporting by account code? (Assume one return type.) > >>>>> > >>>>> _______________________________________________ > >>>>> > >>>>> > >>>> Some questions have been asked about Tax Report Options in the > >>>> past couple of weeks. I have been away and not able to respond or > >>>> make comments. Let me make these points, which may not necessarily > >>>> apply to this thread, but to others (sorry): > >>>> > >>>> - The Tax Report Options and associated US Income Tax Report are > >>>> only intended to be used for US Income Taxes. > >>>> > >>>> - Some time ago, someone in Germany used the US version and made > >>>> adjustments for use in Germany; I'm not familiar with that and > >>>> don't know if it works and is being maintained. > >>>> > >>>> - Initially it was intended primarily to generate a file that could > >>>> be uploaded to Income Tax Preparation software (and a report was > >>>> sort of > >>>> secondary) and so a key element of the design was the use of TXF > >>>> codes that the Tax software could understand; the specification for > >>>> those codes was abandoned some time ago so the ability to expand > >>>> the system is not there unless we invented our own new TXF code > (ugh!). > >>>> > >>>> - That is why there is nothing for Form 1116. > >>>> > >>>> - If someone wanted to do what was done for Germany for another > >>>> jurisdiction, they would have to deal with this TXF issue; I > >>>> certainly don't recommend trying it. > >>>> > >>>> - The US version could/should be re-written to not depend on TXF > >>>> codes but this would not be trivial. > >>>> > >>>> - One can use the 'No Tax code' tag to include accounts on the US > >>>> Income Tax Report, just not sorted by Form/Schedule; you could use > >>>> the account name and/or description for that purpose for those > >>>> accounts to give you totals (example: for Form 1116). > >>>> > >>>> - The system assumes that each 'book' (i.e., gnucash file) is for > >>>> one reporting entity (individual, partnership, corporation, etc.) > >>>> and that one file is not used to track the accounts of more than > >>>> one tax reporting entity. > >>>> > >>>> - You can certainly use your account structure design and other > >>>> available reports to get your tax information without using this > >>>> system; in fact, if you use this system, you have to carefully > >>>> design your account structure and do careful data entry to get the > report to be useful. > >>>> > >>>> Alex > >>>> _______________________________________________ > >>>> gnucash-user mailing list > >>>> gnucash-user@gnucash.org > >>>> To update your subscription preferences or to unsubscribe: > >>>> https://lists.gnucash.org/mailman/listinfo/gnucash-user > >>>> ----- > >>>> Please remember to CC this list on all your replies. > >>>> You can do this by using Reply-To-List or Reply-All. > >>>> > > > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- David Carlson _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. 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