Bank downloads not matching up with scheduled transactions

Rick Cornish

Often Quicken matches up transactions downloaded from banks (Bank of America, US Bank) with scheduled transactions I've set up in the near future based on AMOUNT, disregarding payee. For instance, I have a scheduled monthly $100.00 manual bill for ABC Co. on the 10th set up in advance, which I've said "I'll pay". On, say the 5th, download transactions from the bank includes a $100.00 (exactly) random payment to XYZ Co. (unscheduled). Quicken matches up that payment to the ABC transaction in advance and does not create a new transaction with XYZ as the payee. Around the 10th the true ABC transaction gets downloaded as a new transaction and confusion reigns if I've not done my reviews diligently. It's fixable but I wish Quicken would pay attention to the payee information from the bank (which it has) as well as the amount before making the match. I can't tell how far Quicken reaches out to find possible amounts to match up to (one month?) but it's at least 5-10 days.

On Quicken Classic for Mac, v 8.2.0

UKR

I'm not quite sure if Quicken is able to match a downloaded transaction to a not-yet-recorded scheduled reminder transaction.
In the case of transfer transactions of the same amount … if that's generated successfully, that's anybody's guess.

IMHO, it might be best if you manually record transfer transactions BEFORE the transaction confirmation shows up in downloaded transactions. This way a valid, correctly categorized transfer transaction already exists in the register and Quicken should be able to match correctly, even if same amount transfers have occurred recently.
And if Q Mac doesn't match automatically, just drag and drop the downloaded transaction over the already existing register transaction to resolve the apparent duplicate.

Jon

I'm pretty sure I've seen Quicken Mac match a downloaded transaction to a scheduled reminder that has not yet been marked as "paid". I don't have that happen very often since I mark reminders as paid as soon as I know the transaction date & amount, but it's rare that I have to manually drag & drop transactions to get them matched.