[moneytalks] Re: Problem with Recurring Transactions
- From: "ROB MEREDITH" <rmeredith@xxxxxxx>
- To: <moneytalks@xxxxxxxxxxxxx>
- Date: Mon, 12 Feb 2007 09:53:46 -0500
I understand what you are saying, but I don't understand why you are not
using the cleared versus uncleared state to track these transactions.
When the credit card bill appears in your register on the 15th, it will
not be cleared. You can wait until you pay it to clear it if you wish,
thus, it acts as a reminder. You can view only uncleared transactions by
using the Uncleared Transactions option on the Restrict or View menus,
depending on your version of Money Talks. This way, you can get an idea
of which transactions need attention.
Rob Meredith
>>> iluvtoread@xxxxxxx 02/09/07 05:22PM >>>
Rob,
Let's see if I can give you a couple of examples.
I have a credit card which I told my bank to pay on January 22nd
and is marked as recurring with an advanced date of 7 days. So, as I
understand it, the item will appear on my register on February 15th,
but I haven't even instructed my bank to pay it since I haven't
received the bill yet. I'd like some way that of having the item in
the register as a reminder that it will have to be paid, but that it
hasn't yet been. I may have figured out a way that I can have my cake
and eat it too. If I do a post next recurrence command and add
something like "Not Yet Received" or something in the item field, it
will be obvious rather than putting it in the memo field since I
sometimes have that one hidden. Then, when I know the amount and have
instructed my bank to pay it, I can edit it and change the not yet
received in the item field to pay e bills and put in the correct
amount of the bill.
To take another example, my bank is supposed to pay my electric
bill on February 14th the item in the register now and I keep having
to tell myself that one is all set . I may still need to experiment
with the advanced days or continue to keep the reminders in Microsoft
Word as I was doing before I got the program.
Does this help clarify it a bit ?
Margaret
"ROB MEREDITH" wrote:
Margaret:
I guess I don't fully understand your request. Recurring transactions
always post cleared, so you always give final approval. You can move
to
the next uncleared transaction by pressing Ctrl+F10.
Rob Meredith
>>> iluvtoread@xxxxxxx 02/09/07 01:49PM >>>
Steve,
Thank you. I found out about the post recurring transaction
command after I sent my post and that it would have perfectly solved
my problem about how to handle a bill I wanted to pay before the item
appeared in the register. I'm all set for now.
I still think it would be a good idea if there could be some way
of differentiating a transaction for which payment arrangement have
been made such as online bill pay, but for which the item has not
cleared as opposed to those which are in the register as reminders of
items which have not yet been paid . Maybe Rob or someone from APH
responded and my ISP didn't deliver the message or the idea is being
evaluated.
Thanks again for the good instructions.
Margaret
"Steve Zielinski" wrote:
Margaret,
When you set up a recurring transaction, all recurrences occur in the
future, you cannot do it for a transaction in the past unless you
choose a
starting date in the past. For instance, if I set up a recurring
auto-payment of a utility bill for the 9th of March, and every ninth
afterthat, I first create a regular transaction on the ninth of
February.
After it is established, I highlight the transaction in my register,
go to
the Transaction menu, then choose the Recurring option and hit enter.
You
probably know the hot key for this is ctrl+r. If I wanted a January
9th
transaction, I would have found a December 9th transaction to be the
starting point in this example.
Now after choosing a transaction on February 9, and selecting
recurring, fil
out the information for monthly recurrences. The first recurrence
will then
happen, on March 9, assuming you chose monthly as the frequency and
chose
"always post"
amongst the Weekend Action radio buttons. Note also that while
setting up
your recurring transaction, you have the choice of how many days in
advance
you want money talks to post the recurring transaction. For instance,
in
this example, if I had said 14 days in this dialog, then money talks
will
post the transaction on February 23, 14 days ahead of March 9. The
transaction would be dated, March 9, but it will appear in the
register on
February 23. If I has said zero, then money talks would have posted
the
transaction on March 9, giving me no advanced notice. You will now
see the
letter R in the status column of this transaction.
Now save your register in order to save the setting up of the
recurring
transaction. Then open the register again, in order to test your
handywork.
To test a recurring transaction, find the recurring transaction you
are
interested in -- the one with the letter R in the status column.
Choose
"Post Next Recurrence" under the Transaction menu, or simply press
alt+t,
then the letter p. That particular transaction will then recur once,
and
you can examine it. You will hear the Projectd recurring transaction
sound.
Notice the letter R has now been moved from the transaction you were
highlighting and has been moved to the recurring transaction the
program
generated. If you want to post the next recurring transaction after
that,
then make sure to highlight the one with the letter r and do the
procedure
again.
After testing these transactions, make sure to not save the register
so as
to not permanently keep these tested future recurring transactions.
If you find you need to make adjustments, re-open the register, and
find the
recurring transaction which is a problem. Do another ctrl+r on it and
re-adjust your frequency, etc. Save the register, then re-open the
register, to test again with the "post next occurance" command.
If you have a number of recurring transactions you want to test at
once, use
the "Project Recurring" command under the Transaction menu. The quick
key
combination to get to this is alt+t, then J. You will be put in a
dialog
box asking for the date to which you want your transactions to
project.
Again the sound will occur, but this time, all your transactions which
are
recurring will be posted up to and including the date you provided,
and they
will also be shown in a restricted view. If you want to examine them
in
relationship to all other transactions in your register, press escape
to
open the view up. Again, you probably won't want to save this
register in
order to not make these changes permanent.
Perhaps this is of some help.
Steve
----- Original Message -----
From: "Margaret Thomas" <iluvtoread@xxxxxxx>
To: <moneytalks@xxxxxxxxxxxxx>
Sent: Wednesday, February 07, 2007 3:31 PM
Subject: [moneytalks] Problem with Recurring Transactions
> Hi All,
>
> I'm still trying to get used to recurring transactions since Ij
the transaction in my register,
> only marked some as recurring at the beginning of the year and this
> is
> the first month they have reoccurred and I may be missing something.
>
> I was wondering what happened if I made payment arrangements for
> transactions marked as recurring before the show in advance date
> they
> showed up in the register and found out today. I made payment
> arrangements for 2 of these last night before they showed up on my
> register today and had to delete 1 of each when I loaded MT today.
>
> One that cleared in January and which I do an online bill pay for
> and arranged to be paid on Feb. 14 is showing both the January and
> February transaction when I do an alt-or and hit enter on recurring
> transactions to show recurring transactions. Even after I had
> deleted
> the 2 extra transactions, the register briefly continued to show a
> negative balance when I had deleted the "duplicate transactions.
>
> I'll reread the documentation again, but I need to check on how
> to
> do projected transactions to see if I can save myself time with a
> calculator.
>
> Margaret
>
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