[moneytalks] Re: An edit combo for items

Hi Rob,

While many banks only put things like "Deposit" or "Check" in the Payer /
Payee field, most people, while filling out a register, are much more
specific as to who the money is going to or coming from.  This keeps us all
out of trouble.

Regards,

Dave



----- Original Message ----- 
From: "ROB MEREDITH" <rmeredith@xxxxxxx>
To: <moneytalks@xxxxxxxxxxxxx>
Sent: Wednesday, December 15, 2004 10:27
Subject: [moneytalks] Re: An edit combo for items


> Suzanne:
>
> Thank you for your detailed explanation. It sounds like some of the =
> problem here is with your particular bank. As far as I know, most banks =
> put a little more than "Deposit" or "Loan Payment" in the payee field. (I
=
> would like to hear from others on this topic.) Which bank are you using?
>
> Of course, if you mail in a deposit by check, I would expect "Deposit" to
=
> show up in the pay name field.
>
> It sounds like your bank is putting stuff in the Memo field (something we
=
> haven't seen) which should be in the Pay Name field. That Memo information
=
> may be very useful to keep, though who could blame you for wanting to =
> scrap soc.sec. numbers.
>
> Rob Meredith
>
> >>> TheBlindAvenger@xxxxxxx 12/14/04 07:06PM >>>
> =20
> In a message dated 12/14/2004 3:16:14 P.M. Central Standard Time, =20
> rmeredith@xxxxxxx writes:
> Suzanne:
>
> The problem is that you are describing pay names, not  items. I think =
> items =3D
> are generally numbers. Why do you wish to move pay  name data to the item
=
> =3D
> field?
>
> Rob Meredith
>
>
> Hi Rob,
> =20
> I suppose the answer to your question is I want to know from where my  =
> money=20
> came and to whom it went. Then, I want to know how it arrived or left.  =
> Check=20
> Card Purchase, ACH Deposit, etc. fulfill the second portion of this =20
> requirement, while 7 Eleven, Buy For Less, Wal Mart, Sears  Roebuck, =
> Oklahoma Natural=20
> Gas, US Cellular, and the like fulfill the first.  This is why I edit =
> the=20
> transactions. Granted, part of my problem may be that I  have never used =
> any money=20
> management software and thus have a distorted,  preconceived notion of =
> how=20
> things are supposed to be. This notion is based on  my pre-marriage,=20
> pre-technology, braille Check register and my own sense of  organization.=
> =20
> =20
> Here are some examples of why I like my sense of organization, and why  =
> I=20
> will probably keep doing things my way no matter how the software  =
> behaves.
> =20
> 1. I am a private contractor who does both Braille Translation and =20
> technology Consulting work. This year, my income came from 21 sources. I =
> would  rather=20
> see the sources of my income in the Payer/Payee field instead of  the =
> word=20
> Deposit. Then I could use the restricted view and quickly learn how  much
=
> I made=20
> from whom. Currently, this is done in an Excel spreadsheet, but I  am =
> falling=20
> in love with this program and would rather do it here. Admittedly,  most =
> of=20
> these transactions will be made manually in the future, because they  are
=
> not=20
> recurring or consistent.=20
> 2. Having Farmers Insurance in the payer/Payee field rather than ACH  =
> Deposit=20
> for my husband's payroll deposit allows me to identify his income  =
> without=20
> going to the memo field. Besides, I delete the memo field for these  =
> Entries,=20
> because they splash his Social Security number out there for all the  =
> world to=20
> see.
> 3. If the names Geoffrey or Stephen Tritten are placed in the
Payer/Payee=
> =20
> field rather than Deposit to acknowledge that my sons have made  their =
> car=20
> insurance payment installments, I can highlight either name,  restrict the
=
> view,=20
> and quickly prove to myself, or one of them if  necessary, whether they =
> are on=20
> track or behind in their  payments.=20
> 4. Along the same lines, if I place 7 Eleven, Shell Oil, and Texaco in  =
> the=20
> Payer field instead of Check Card Purchase, I can learn how much we spend
=
> on=20
> Auto Fuel. Then, I could learn just how much of that money was spent at =
> any  of=20
> the three above-mentioned companies.
> =20
> By now, even if you see my point, I have left an opening for another =20
> question. Why put anything in the Item field, if it isn't a check number?
=
> =20
>
> The answer to that question is: The terms Check Card Purchase, ACH  =
> Deposit,=20
> etc. let me know just how the money entered or left my accounts.  Maybe I
=
> like=20
> this extra proof, since I have to fill out self-employment tax  forms. I =
> keep=20
> receipts and bank statements, but I cannot see them. Therefore,  the =
> notation=20
> in the account grid is my proof.=20
> =20
> Suzanne
> =20
> =20
> >>> TheBlindAvenger@xxxxxxx 12/14/04 02:48PM  >>>
>
>
> =20
> =20
>
> =3D20
> Here is a list of the items that appear in the Payer/Payee  field of my =
> =3D20
> imported .qif files. The most common are: ACH Deposit, ACH  W/D,
Withdrawal=
> ,=3D
> =3D20
> Deposit, ATM W/D, Check Card Purchase,  And  Check. I have also seen: =
> Check =3D
> Card=3D20
> Refund, Monthly Account Fee,  and Loan Payment.=3D20
> =3D20
> Of course Check appears in the Payer/Payee  field, when a check number =
> =3D20
> appears in the Item  field.=3D20
> =3D20
> These are the things I move to the Item field, when I edit  transactions.
=
> I =3D
> =3D20
> also use several of these entries in the Item  field, when I manually =3D
> create =3D20
> transactions, and it would be a time  saver if I did not have to enter =
> each =3D
> one =3D20
> letter for  letter.
> =3D20
> Suzanne
> =3D20
> In a message dated 12/14/2004 10:39:16  A.M. Central Standard Time, =3D20
> rmeredith@xxxxxxx  writes:
> Suzanne:
>
> We are still trying to find the formal deffinition  of  what an item =
> should =3D
> =3D3D
> be. It appears that in most cases,  banks only export  item information =
> =3D
> when =3D3D
> it is a check, and  of course, this is the check  number. Since this is =
> the =3D
> =3D3D
> case,  the item field is not useful as it might  be, especially for  =3D3D
> non-check users.
>
> I would be interested to know  what others  are finding in the item field
=
> =3D
> =3D3D
> when importing.
>
> Rob   Meredith
>
> >>> TheBlindAvenger@xxxxxxx 12/14/04 10:47AM   >>>
> =3D3D20
> In a message dated 12/10/2004 11:15:31 A.M.  Central  Standard Time, =
> =3D3D20
> TheBlindAvenger@xxxxxxx  writes:
> Hi.
>
> Since the  item field in the New Transaction dialog  could  contain =3D
> anything  =3D3D
> =3D3D20
> from a check number to  ATM w/d or ACH deposit or  electronic  check, =
> would  =3D
> =3D3D
> it=3D3D20
> be =3D3D20
> possible to make this field an  edit   combo like so many of the other =
> =3D3D
> fields=3D3D20
> in  =3D3D20
> this  dialog?
>
> The  reason I ask, is that I do most  of my banking  electronically. If I
=
> =3D
> =3D3D
> did  =3D3D20
> not  have children who needed money  for band trips, wrestling tournament
=
> =3D
> =3D3D
> =3D3D20
> fees, =3D3D20
> and other  school-related expenses, I  would probably write only  25 =
> checks =3D
> =3D3D
> a   =3D3D20
> year.
>
>
>
>
>
>
>
> The reason I asked this  question  last week is this. Each month I may =
> have  =3D
> =3D3D
> =3D3D20
> about fifty entries in my  bank statement. Six or  seven of these entries
=
> =3D
> =3D3D
> will be =3D3D20
> checks. the   remaining forty plus entries will be check card purchases,
=
> =3D
> =3D3D
> check  =3D3D20
> card bill pays, automatic deposits, atm  withdrawals, etc. I would like  =
> to =3D
> =3D3D
> be =3D3D20
> able to press  a few letters followed by down arrow to place  the right =
> =3D
> item  =3D3D
> in=3D3D20
> the field rather than enter each transaction's  item  manually. Is =3D
> this=3D3D20
> possible?  Or, since the program is   remembering check numbers, is my =
> =3D3D
> desire out of=3D3D20
> the    question?
> =3D3D20
> Suzanne
>
>

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