Quicken Community is moving to Single Sign On! Starting 1/22/21, you'll sign in to the community with your Quicken ID. For more information: http://bit.ly/CommunitySSO

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.
Tagged:

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. R29.20 - Build 27.1.29.20  - Windows 10 Home - Ver. 2004
                                             - - - - Quicken User since 1984 - - - 
      -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -

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. R29.20 - Build 27.1.29.20  - Windows 10 Home - Ver. 2004
                                             - - - - 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!
Sign In or Register to comment.