can i just set a scheduled update for the beginning of the month?

just want to do it at the beginning of the month

Best Answers

  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭✭
    Answer ✓
    I think the least frequently you can schedule updates is for once a week. 
    It's actually a good idea to update your accounts no less than once every 2 weeks, whether by scheduling them weekly or by manually running OSU.  While many financial institutions will download transactions for the last 60-90 days there are some that will download transactions for only the last 14 days (like one of my banks) to 30 days (like Fidelity Investments).  So, updating your accounts only 1X per month, and if any of your financial institutions limit downloads to the last 14-30 days, means that some transactions might not get downloaded.  The only way to get those missing transactions entered into your account(s) then is to manually enter them or, if the financial institution supports the Web Connect connection method, to log into the online account at the financial institution and manually download and import it from there.

    (Quicken Classic Premier Subscription: R54.16 on Windows 11)

  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Answer ✓
    I don't really get why one would want to have such infrequent updates.  The scheduled updates will not run if your machine isn't running and logged into your account.  So, by definition for it to happen automatically one leaves their machine running all the time.  If that is the case what is the problem with more frequent updates?

    And given such infrequent updates I don't get why anyone is trying to automated this in the first place.  Updating accounts just doesn't take that long.  That is as long as there isn't any problems with the update.  And if does take more than a couple of minutes I would be more concerned about why is happening.
    Signature:
    This is my website: http://www.quicknperlwiz.com/
  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭
    Answer ✓
    yeah - I'm with @Chris_QPW - unless you only have Investments that rarely have any transactions,
    why would you invest in Quicken, and not run it ....
    When home, I run it every day - sometimes more often - with the quick download of security prices to update Investment portfolio along with any recent credit card transactions...

    QWin - R54.16 - Win10

Answers

  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭✭
    Answer ✓
    I think the least frequently you can schedule updates is for once a week. 
    It's actually a good idea to update your accounts no less than once every 2 weeks, whether by scheduling them weekly or by manually running OSU.  While many financial institutions will download transactions for the last 60-90 days there are some that will download transactions for only the last 14 days (like one of my banks) to 30 days (like Fidelity Investments).  So, updating your accounts only 1X per month, and if any of your financial institutions limit downloads to the last 14-30 days, means that some transactions might not get downloaded.  The only way to get those missing transactions entered into your account(s) then is to manually enter them or, if the financial institution supports the Web Connect connection method, to log into the online account at the financial institution and manually download and import it from there.

    (Quicken Classic Premier Subscription: R54.16 on Windows 11)

  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Answer ✓
    I don't really get why one would want to have such infrequent updates.  The scheduled updates will not run if your machine isn't running and logged into your account.  So, by definition for it to happen automatically one leaves their machine running all the time.  If that is the case what is the problem with more frequent updates?

    And given such infrequent updates I don't get why anyone is trying to automated this in the first place.  Updating accounts just doesn't take that long.  That is as long as there isn't any problems with the update.  And if does take more than a couple of minutes I would be more concerned about why is happening.
    Signature:
    This is my website: http://www.quicknperlwiz.com/
  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭
    Answer ✓
    yeah - I'm with @Chris_QPW - unless you only have Investments that rarely have any transactions,
    why would you invest in Quicken, and not run it ....
    When home, I run it every day - sometimes more often - with the quick download of security prices to update Investment portfolio along with any recent credit card transactions...

    QWin - R54.16 - Win10

  • solidk
    solidk Member
    I have a good enough idea regularly and don't need to micromanage the transactions. Just need the download so at the first of the month my transactions download. I will just have to deal with it manually.
This discussion has been closed.