Allow Memorized Payee List Memos To Overide Downloaded Memo Information
quickslick
Member ✭✭
I would like to propose that Memo information for each Payee entered into the Memorized Payee List be allowed to over-ride the original downloaded Memo information (often meaningless gibberish provided by the payee) when downloading transactions from a financial institution. Currently, information entered into the Memorized Payee list from all fields EXCEPT the Memo field replaces the downloaded information. This change would allow a user to pre-enter the desired Memo information for each Payee ONE TIME in the Memorized Payee List, and then this information would always appear in the transaction register when transactions are downloaded. As an example, here is what I want to be able to do:
I set up all of my Payees in the Memorized Payee list along with the desired Category, Tag and Memo. I leave the Amount blank (Quicken makes this $0.00) because the Payee amounts are almost never the same (lots of restaurants with different charge amounts). I make sure each Memorized Payee has a Rule configured that matches the "gibberish" Memo info that comes from the bank. My goal is that when I periodically download my transactions I can choose Accept All in the expectation that Quicken will match each transaction to the Memorized Payee and enter the desired Category, Tag and Memo info as defined in the Memorized Payee. Seems simple and this process works great with the exception that the "gibberish" Memo is not replaced with the desired Memo from my Memorized Payee List. It even leaves the correct amount in place, sets the proper Category and Tag, but will not enter the desired Memo information. There is currently a feature in the Account Details>Online Services tab that provides a check box to activate "Don't update memo when downloading" but this merely turns the downloaded "gibberish" Memo information on or off, so the choice ends up being to maintain the original downloaded "gibberish" info, or have the Memo be blank, which doesn't provide the functionality that I am suggesting.
If Quicken could implement what I propose, it would allow the entry of a "Memorized Payee" entry ONE TIME, with all of the information as the user wants it for downloaded transactions (Payee Name, Category, Tag and Memo), and then when new transactions download which match each Memorized Payee, the entry fields will populate with this desired info and the goal of near full automation of data entry would be achieved.
I set up all of my Payees in the Memorized Payee list along with the desired Category, Tag and Memo. I leave the Amount blank (Quicken makes this $0.00) because the Payee amounts are almost never the same (lots of restaurants with different charge amounts). I make sure each Memorized Payee has a Rule configured that matches the "gibberish" Memo info that comes from the bank. My goal is that when I periodically download my transactions I can choose Accept All in the expectation that Quicken will match each transaction to the Memorized Payee and enter the desired Category, Tag and Memo info as defined in the Memorized Payee. Seems simple and this process works great with the exception that the "gibberish" Memo is not replaced with the desired Memo from my Memorized Payee List. It even leaves the correct amount in place, sets the proper Category and Tag, but will not enter the desired Memo information. There is currently a feature in the Account Details>Online Services tab that provides a check box to activate "Don't update memo when downloading" but this merely turns the downloaded "gibberish" Memo information on or off, so the choice ends up being to maintain the original downloaded "gibberish" info, or have the Memo be blank, which doesn't provide the functionality that I am suggesting.
If Quicken could implement what I propose, it would allow the entry of a "Memorized Payee" entry ONE TIME, with all of the information as the user wants it for downloaded transactions (Payee Name, Category, Tag and Memo), and then when new transactions download which match each Memorized Payee, the entry fields will populate with this desired info and the goal of near full automation of data entry would be achieved.
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Comments
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There's a (relatively) new option available for each account register:
You may want to try if this setting works for you. Go into Edit Account Details for each register where you want to make this change, select the Online Services tab and click to put a checkmark in "Don't update memo when downloading". You may want to try and see if that will work for you.Generally, if Quicken creates a new register transaction from downloaded data, all downloaded info overrides memorized transaction data.
But if a register transaction already exists with specific memo data (anything non-blank, text or just a "."), Quicken will match the downloaded data to the existing register transaction and will not overwrite the existing non-blank memo text.1 -
Yes, I mentioned that feature in my post, but it results in a blank memo field so is not useful for what I am trying to do.0
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Yes, I mentioned that feature in my post, but it results in a blank memo field so is not useful for what I am trying to do.0
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This idea would be quite useful as users become familiar with it's purpose, and it's time saving convenience. I do not understand why it couldn't be done. I would find it a very "usable" tool in my approach to showing complete thorough, transaction data information.1
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This idea would be quite useful as users become familiar with it's purpose, and it's time saving convenience. I do not understand why it couldn't be done. I would find it a very "usable" tool in my approach to showing complete thorough, transaction data information.1
