Default Transfer Category

robert combs's Avatar

robert combs

16 Aug, 2018 04:11 PM

My default transfer category for investments is "business checking" and I cannot figure out how to change it. It should be "investment income" Help? The default category in my account is set to "fees". That never comes up.

Search reveals too many hits on "default category", nothing for "default transfer category".

  1. 1 Posted by dwg on 16 Aug, 2018 09:02 PM

    dwg's Avatar

    I'm a fellow user.

    There is no such thing a default transfer category.

    The default category is either a category or an account depending on what you select and it selects the default for the transfer field. There is no default setting for the category field in Investment accounts.

    One way to access it is to open the Investment register then select the menu item Account --> Edit account the selection for default Category is about 2/3 the way down the window.

  2. 2 Posted by robert combs on 16 Aug, 2018 09:19 PM

    robert combs's Avatar

    Dear dwg: On my computer I see two different things... those are not the same. Apples and Oranges.

    Two different things. On my computer, downloaded transactions default to "business checking" and interest items default to "atm withdrawl"

    there are two defaults for different kind of transactions. You can see my default is set to ATM Withdrawls... so how/why does "business checking" (account not in use) being inserted by moneydance?

  3. 3 Posted by dwg on 16 Aug, 2018 09:55 PM

    dwg's Avatar

    When you download and import transactions Moneydance makes suggestions on the category based on previously confirmed transactions, there is an algorithm based on Description, Amount etc . I can only assume you have had some previously confirmed imported transaction with this categorization.

  4. 4 Posted by -Kevin N. on 17 Aug, 2018 02:25 AM

    -Kevin N.'s Avatar

    Hi Robert,

    Is 'business checking' the first account in your list of accounts?

    It has been my experience, with regards to imported transfer transactions, that Moneydance will default to the first account in your list of accounts.

    You'll need to manually change imported transfer transactions so that they point to the desired account.

    -Kevin N. (not a member of MD support)

  5. System closed this discussion on 16 Nov, 2018 02:30 AM.

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