Scheduled Transaction Matching to Downloaded Transaction

I recently set up my car loan in Quicken and I scheduled payments especially because it neatly splits the interest payment from the principle payment. I recently downloaded my bank transactions and I matched the scheduled payments to the downloaded transactions. Now I have double entries in the Loan payment details view (making it seem like I'm paying more of the loan than I have), and when I sync it says the downloaded transaction are missing. Any help would be greatly appreciated as I can only assume I set this up incorrectly.
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Best Answer

  • Frankx
    Frankx SuperUser ✭✭✭✭✭
    Accepted Answer
    Hi @Amateur Accountant

    Did you set up the loan account as a "download account" in Quicken - where you connect with the financial institution and download transactions into that Quicken account?

    Let me know & we'll go from there. (BTW - I like your moniker).

    Frankx

                      Quicken H&B-Subscription Ver. 34.24 - Windows 10-Home Version
                                             - - - - Quicken User since 1984 - - - 
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Answers

  • Here's a screenshot of the error sync message
  • I use Quicken Deluxe for Canada
  • Frankx
    Frankx SuperUser ✭✭✭✭✭
    Accepted Answer
    Hi @Amateur Accountant

    Did you set up the loan account as a "download account" in Quicken - where you connect with the financial institution and download transactions into that Quicken account?

    Let me know & we'll go from there. (BTW - I like your moniker).

    Frankx

                      Quicken H&B-Subscription Ver. 34.24 - Windows 10-Home Version
                                             - - - - Quicken User since 1984 - - - 
      -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -

  • Haha thanks! Just wanted to make it clear that I don't entirely know what I'm doing but also understand a little bit.

    I set up the loan using the add account wizard, then selected loan and auto loan. I input the loan details and after the fact selected the option to automatically enter the transaction 1 day before due date. I did this because I had it set to maintain loan balance by memorized payee but then the full payment amount would show up in the loan register (as opposed to a split value for interest and principal). I would then either have to manually split each weekly payment or frequently make balance adjustments to make the online value match the Quicken value.

    The help is much appreciated!