Initial download of transactions from my bank.

PR's Avatar

PR

28 Mar, 2010 11:40 PM

I have been a quicken for windows user and trialed MD - I created my QIF file and transferred everything successfully over to the MD trial. I decided that MD will work for me so I bought and registered the product. I set up my bank to update my checking account, pushed the button to download transactions from my checking account.
I now have duplicate transactions going back to a random date in mid-december. In addition, every one of the transactions that came in is carrying the same category "5th Wheel".
Help!! This is not what I expected - Why did this happen?
I do few if any manual entries since we use a debit card for all purchases - I need accurate transaction downloads - and hopefully transactions that are smart enough to recognize historical category assignments.

  1. 1 Posted by Ben Spencer on 29 Mar, 2010 05:37 PM

    Ben Spencer's Avatar

    Hi

    I recommend updating to the latest preview version build 743. It is available from the link below.

    http://moneydance.com/trac/wiki/Moneydance2010Beta

    It contains a numbe rof important transaction matching and importing changes.

    When you first download transaction from the bank the bank will send all transactions it has available. This is often 3 months worth. These transactions are marked as unconfirmed by the presence of a blue dot. If you click on one of these unconfirmed transactions you will see the accept dialogue at the bottom of the register. The accept dialogue will allow you to select which existing transaction to merge with. It will also offer categorizations.

    When you next download transactions Moneydance will ofnly download transactions since the last download date so you won't have this problem again.

    If you want moneydance to automatically merge and categorize incoming transactions automatically there is an option under File->Preferences->Network called "Automatically Merge Downloaded Transactions"

    I am sorry for the trouble this has caused you.

    Sincerely

    Ben Spencer

  2. 2 Posted by Phil Rapp on 29 Mar, 2010 06:06 PM

    Phil Rapp's Avatar

    Thanks Ben,

    As it turned out, I didn't "save the changes" so I essentially have a clean
    slate. I'll download the latest version and will just deal with the initial
    3 mth worth of transactions - do you suggest the merge strategy or should I
    just delete the duplicate transactions. I'm a little concerned that if
    merged, all my accurately assigned categories would be switched over to my
    "5th Wheel" category.

    On second thought, if it did, I could just start over again.

    Just glad to know that this is an initial update (from the bank) phenomenon.

    I like the software and really appreciate the tech support.

  3. 3 Posted by Ben Spencer on 29 Mar, 2010 06:09 PM

    Ben Spencer's Avatar

    I would recommend the merge strategy. When you merge the category used by the existing transaction in the register takes precedence.

    Ben

  4. 4 Posted by Phil Rapp on 29 Mar, 2010 06:27 PM

    Phil Rapp's Avatar

    I'll give it a go.

  5. Angie Rauscher closed this discussion on 24 Jul, 2011 07:43 PM.

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