How to match transactions automatically?

Stuart@

How can you get Quicken to match transactions automatically? If I pay a credit card bill from my checking account, there is a matching transaction in the credit card account. Quicken will always assign the wrong category and I'll have to manually change to a transfer to match.

jacobs

@Stuart@ The developers broke something about auto-categorization in an update last fall. It seems like it's not completely broken for all users, but a lot of what used to work doesn't.

You can experiment with the technique which used to work to see if it still works for you: manually create a transaction for a Payee you recently purchased from, for the same amount and date, categorized as you want it. When you download the transaction, drag the manual one over the downloaded one, and Quicken will merge them into one -- and will also learn this mapping to apply on subsequent downloads to the same Payee. I can tell you this used to work, but I don't know if it will work for you currently. If it works, while it's a pain to set up for a lot of Payees, once you do it once, it'll save you a lot of time.

The alternative is to wait for the developers to deliver a more comprehensive solution. The product manager has acknowledged the need for, and confirmed they are working on solutions for, allowing users to define rules for Payee renaming and for learned (memorized) categorization. These changes apparently involved some significant changes to Quicken's architecture, so it's taken a long time to implement. We still don't know which features will be delivered when; we only know help is coming. 

jacobs

See my response in your other thread here.

Stuart@

Quicken seems to always set specific payees to the same (random) category, which I have to change every single time. How can I get the payee assigned to a specific category? This seems so basic.

Greg_the_Geek

How To Use The Memorized Payee List In Quicken for Windows

Didn't see this was a Mac question. Don't know if Mac supports Memorized payees.

Stuart@

Thanks, i'm on a Mac, so not applicable

Valderi

Try to go to "Tools" + "Memorized Payee List" and edit the payee with the good category. 

Stuart@

This is quicken mac, no tools menu or memorized payee list.

jacobs

@Stuart@ The developers broke something about auto-categorization in an update last fall. It seems like it's not completely broken for all users, but a lot of what used to work doesn't.

You can experiment with the technique which used to work to see if it still works for you: manually create a transaction for a Payee you recently purchased from, for the same amount and date, categorized as you want it. When you download the transaction, drag the manual one over the downloaded one, and Quicken will merge them into one -- and will also learn this mapping to apply on subsequent downloads to the same Payee. I can tell you this used to work, but I don't know if it will work for you currently. If it works, while it's a pain to set up for a lot of Payees, once you do it once, it'll save you a lot of time.

The alternative is to wait for the developers to deliver a more comprehensive solution. The product manager has acknowledged the need for, and confirmed they are working on solutions for, allowing users to define rules for Payee renaming and for learned (memorized) categorization. These changes apparently involved some significant changes to Quicken's architecture, so it's taken a long time to implement. We still don't know which features will be delivered when; we only know help is coming. 

jacobs

See my response in your other thread here.

Stuart@

Thank you. That explains it. Wasn't logical such a basic feature was missing from the product.