CC Transactions

Rick's Avatar

Rick

10 Feb, 2024 08:38 PM

Hi, easy question.

I generally go through life paying bills via CCs and then pay the CCs off in full each month. I'm guessing I would setup all my CCs accts in Moneydance. My question is does Moneydance pull down all the transactions as they occur from the CC acct and post them in the correct category automatically? I don't want to have to do this manually.

Thanks, Rick

  1. 1 Posted by dwg on 10 Feb, 2024 09:38 PM

    dwg's Avatar

    I'm a fellow user.

    If your bank support Direct Connect or Moneydance+ supports the institution then Moneydance can obtain the transactions automatically. The frequency of updates is determined by the bank/aggregator not Moneydance.

    Moneydance has no idea what is payment to say "Joe Bloggs" is for so you will initially need to categorize it, As you go through this process Moneydance does learn the correlation you apply and will start suggesting the category.

  2. 2 Posted by Rick Moore on 10 Feb, 2024 09:50 PM

    Rick Moore's Avatar

    Understood.

    Thanks for responding.

    Rick Moore

    [email blocked]

  3. Support Staff 3 Posted by Ethan on 11 Feb, 2024 01:29 AM

    Ethan's Avatar

    Hello Rick,

    To elaborate a bit on the previous reply, downloaded transactions should have a blue dot next to them in the description field. Clicking on a transaction with a blue dot should open a right sidebar with confirmation options. If the transaction is similar to one you have already manually entered, one of the options should be to merge those transactions. Choosing the correct category for transactions in the confirmation process allows Moneydance to improve its suggestions for future downloads. The more transactions you correctly confirm in this process, the better the program will become at suggesting the correct confirmation option from the start.

    More details on the confirmation process with screenshots can be found at http://infinitekind.tenderapp.com/kb/online-banking-and-bill-pay/co...

    Ethan
    Infinite Kind Support

  4. 4 Posted by Rick Moore on 11 Feb, 2024 02:18 AM

    Rick Moore's Avatar

    Ethan, appreciate your response. All good to know.

    Thanks Rick

    On Sat, Feb 10, 2024, 7:29 PM Ethan <[email blocked]> wrote:

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