First Progress Mastercard charges appear as payments, payments as chargesClosed

User: "alannsandiego"
Updated by Quicken Sarah
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    User: "alannsandiego"
    Accepted Answer
    The previous post is how First Progress MasterCard downloads, with the beginning balance corrected Here the end balance is correct, Only the Sign of the Charges needs to be changed from Positive on the website to negative for download into Quicken and the Payments negative needs to be changed to Positive for download into Quicken and then the balance is correct.
    Quicken_Tyka Moderator mod was helping me she said she ask another moderator to help me,
    she not available until Thursday now.
    User: "Quicken Sarah"
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    Accepted Answer
    Updated by Quicken Sarah
    NotACPA said:
    There is NOTHING in this unnecessarily lengthy post that shows the <TRNAMT> field.  So your claim that the bank is sending it properly is unsupported.
    Try saving a downloaded QFX file and extracting from that.  You could also try looking in the OFX Log.
    Here's an example of such a debit transaction "<TRNAMT>-600.00" actually sent by my bank.


    Hello @NotACPA

    Thank you for your interest in this post.  I can confirm that we are investigating this issue and I have reviewed the log files and verified the financial institution is sending the amounts correctly and we are investigating further as a possible bug in Quicken.

    I'll be back to share any updates and/or the ticket number as they become available.

    Sarah
    User: "alannsandiego"
    Accepted Answer
    Updated by Quicken Sarah
    User: "alannsandiego"
    Accepted Answer
    First Progress downloads the transaction exactly like their website, the amount of the transactions are correct but the sign (+) (-) of the data is wrong; charges must be negative numbers in Quicken Credit card accounts, and payments must be positive numbers in Quicken Credit card accounts. First Progress MasterCard is a credit card processing company and they seem to be unaware of their Online Banking Provider so I cannot ask the "Bank" to fix this they are not a "Bank". I have written a letter to First Progress MasterCard, but I expect them to respond that Quicken is a third party program they do not support Quicken; which is funny because it almost works! I do know why Quicken claims to support them, I think that Quicken used to have a contract with them but do not have one presently.

    If First Progress has a contract with Intuit or an Online Banking provider, this problem can easily be fixed with (* -1) of the data.

    Quicken has open a ticket but that is not solving the problem. One solution would be for Quicken program itself to check the sign (+) (-) of the data when it is input into Quicken and change it if is wrong, or have an option to do that.

    It seem more likely to me that First Progress MasterCard does not have a contract with Intuit and that is the reason the problem is not being fix. For now the data has to manually corrected charges move manually from payment to charges, and payments moved from charges to payment; almost the same as doing it manually in the first place.

    So right now, First Progress MasterCard is not actually supported by Quicken, because it does not work correctly, maybe a ticket open but no ETA if ever gets fix; that is the same as not supported.

    https://www.intuit.com/partners/fdp/implementation-support/ofx/get-a-quote-tool/
    Participation Fee Due ? Annual Version Fee $33,000
    Intuit charges "Banks" at least $10,000 per year for a contract.

    https://www.intuit.com/partners/fdp/implementation-support/ofx/why-connect/connectivity-types/
    Express Web Connect - contract with your OFX/Online Banking Provider might be required

    Express Web Connect is the second of two automatic update options. Unlike Direct Connect which communicates directly with your OFX servers, Express Web Connect utilizes aggregation to retrieve transactions from your online banking site. Intuit creates and manages this connectivity type when you have a contracted Web Connect or Direct Connect BID. Please check with your OFX/Online Banking Provider to make sure aggregation is supported by your OLB site.

    Since the transaction data does download correctly as it is on First Progress MasterCard Website, appearently Quicken/ Intuit is connected otherwise it would not work at all; but with an incorrect sign (+) (-), the data is nearly useless.

    Apparently Quicken does not talk to Intuit about data errors, otherwise this could have been fixed already; and I do not have time to manually correct the data that is what I paying Quicken to do.
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