Hey folks. Last night my wife and I decided to abandon Quicken (the last Windows program I need for my personal life) in favor of Moneywell and QuickBooks (business accountant will only bend so much) or iBank. Moneywell is the front runner, but I have a few questions that I would like answered before I actually buy. My plan is to be exclusive with my new solution in 1//1/2009. Knowing how frustrating new users can be I will try to find answers in previous posts and try to make the posts shorter than this first one. Anyway…
As a new user with 7 years of quicken data I am having a hard time wrapping my head around the Moneywell simply buckets. As Kevin comments several times it is a mind set. I am left with a decision to import seven years of data or start over. My quick test show that to make the historical data relevant I will need to re-categorize (re- bucketize?) all the data. Umm… not happening, so I am opting for a scratch start. Here is the question: Based on my initial use my current process has a hitch when I download transactions from my bank if a manually entered transaction has a split. Essentially the system can not correlate the 2 transactions. Here is the example: • Manually enter pay check with split allocations of 3K into "Salary", 500 into "Taxes" 200 into "insurance" and 300 into "Retirement". Total deposit is only $2K. • Go to bank and download QFX file. Import file • I now have 2 x $2K deposits which inflates my balance. Other simple transaction like gas (Auto) which have only one bucket assignment match just fine. If I eliminate the splits life is good. The problem with this is that I am now not tracking some of the expenses which vary a bit month to month. So the questions are: Is this an issue in my thought process? Should I not be downloading transactions (it breaks with groceries as well) if I am manually entering them? Is the preferred method to just mark the manual transaction as "reconciled" and delete the download? Thanks for all your help. Jaysen --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
