Make Quicken More Intuitive When Matching Downloaded Transactions

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Recommend that Quicken be modified to identify possible matches to downloaded transactions. For example, if I entered a charge at Walmart for $10.95, but the actual (downloaded transaction) amount is $10.59, Quicken should be able to recognize this and ask if I want to match these transactions, thereby correcting the charge. Microsoft Money had this feature and it was very helpful when reconciling accounts.

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  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    edited May 27
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    What should it do if the amounts do not agree? Identify the transactions as a near match and force you to change one?

    What rules should it use to identify close matches - transposed digits as in your example, or something else?

    For banking transactions, it already declares a match of the amounts are the same and the dates are close. If you accept the match, I think it keeps the date in the register.

    For investing transactions, I think the rule is that both the date and the amount must match.

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  • tjbuki
    tjbuki Member ✭✭
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    If the amounts don't agree, the user would normally select the downloaded transaction amount. By identifying close matches, the user becomes aware of erroneous manual entries - or - correct manual entries in which the vendor charged the incorrect amount. Currently, the user must search the register for the affected charge and edit as required to match the entries. Identifying close matches would hasten this process. Also, Quicken sometimes doesn't match correctly edited entries, causing the user to manually match them. Identifying close matches would hasten this process as well.

  • tjbuki
    tjbuki Member ✭✭
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    Also, the rules should apply to all closely match transactions, whether transposed or not. I'm suggesting this change for banking entries. I hadn't considered others.