On Dec 17, 2008, at 7:59 AM, Jaysen wrote: >> No, let MoneyWell match then and merge the transactions. Merging >> gives >> you the advantage of your manual naming with the storage of the >> original payee, memo, and bank specific ID numbers in the back end of >> the transactions. Just add aliases to your memorized transactions if >> they don't catch and update an imported transaction correctly. > > Sorry to be slow, but I am starting a real world test run by > paralleling Q and MW for the rest of the month tonight and I want to > ensure that my method is as close to "best practice" as possible… > > What you are saying is that I should manually enter "net" transactions > AND do the QFX import (my institutions support OFX, which is > preferred?). Now that you have straightened me out on splits I should > see the merge and clear/reconcile become more automatic as it is in > Quicken. > > Correct? > You're not slow, change and new software takes time. The QFX and OFX file formats are identical. The standard extension now is OFX but Quicken used QFX when they first designed the format prior to collaborating with Microsoft and others on the "Open Financial eXchange" format.
>> Please ask more questions if you need anything. I think you'll find >> MoneyWell much faster to work with than Quicken but you will have to >> change a few habits first. > > I am willing to change. But even before i decided to change my mindset > MoneyWell proved to be more effective for our mental image of > processing. Too effective. Quite depressing once you start to see how > stupid you can be with your $$. I thought I had my finances so well organized with Quicken and my wife did even better before me, breaking out all the paychecks, etc. We had pretty graphs, detailed reports, and credit card debt from overspending all the time. Intuit also had our money for upgrades every year or so but our habits didn't change and we spent more time in Quicken with each update instead of less. It took me a long time to recognize that I was on a treadmill getting nowhere fast. Peace, Kevin Hoctor [email protected] No Thirst Software LLC http://nothirst.com http://kevinhoctor.blogspot.com --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
