Bank Balance vs. Adj. Balance? (Money 05)


A

Andrew

This is the new Money 2005 for Business.

I'm somehow confused by the "Bank Balance" vs. "Adj. Balance" One of my
accounts is Bank of America Texas. Money can get statement directly from
BofA. The "bank balance" is what shown at the bank. But new transaction are
not downloaded. The last transaction shown in my Money bank register is
about 5-day old. No new transactions are downloaded. Of course, the "bank
balance" and the "adj. balance" are different.

I'm think about going back to Money 2004. I'll have to download statements
from the web, but it is very reliable.

Is there any way to fix the above problem. Or is there anything new I've not
figured out?

Thanks for any help.
 
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A

Art McClinton

This has been documented in many postings to this group. The download
for BoA (Texas) is not directly from the bank but via a product called
Yodlee. You are correct the current available balance is reported.
However, the most recent several (often up to 3 or so days) are not
included within this balance. It also does not include the "pending"
transactions that which are included in the available balance.

This has been reported to MS by many of the users. MS says it is a
Yodlee problem. Connection to www.yodlee.com and selecting the onyodlee
to look at the same account shows this problem as well.

This is not the only issue with BoA/Yodlee downloads that have been
reported.

Concerning going back. You can do the same thing within Money 2005.
That is run it likeyou would run 2004 and manually down load the BoA
account from the Web. That is what I have done. I use automatic
downloads for any FI which are directly supported and use manual for all
of them that use Yodlee for the download.

Art McClinton
 
A

Andrew

Thanks for the help. Now I just wonder what I can gain by upgrading from
Money 2004 to 2005? Also, after the new online service is set up (better be
related to Yodlee since the service was not available with Money 2004), it
downloads a bunc of new accounts. I can not even merge then since it only
retains the info in the previous 30 days or so. I'll have to close my
existing accounts and all the history and start over again. The Yodlee thing
is a joke.

Now I'm back to 2004 Deluxe and I'm happy as before.....
 
C

Cal Learner-- MVP

Thanks for the help. Now I just wonder what I can gain by upgrading from
Money 2004 to 2005? Also, after the new online service is set up (better be
related to Yodlee since the service was not available with Money 2004), it
downloads a bunc of new accounts. I can not even merge then since it only
retains the info in the previous 30 days or so.
Have you tried? Most people who were worried due to the warning
found they did not loose their old existing transactions. Yet there
was that one that I saw. So keep an extra backup before trying the
merge.
 
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A

Art McClinton

Andrew

As Cal stated, the merge worked successfully. The message actually
appears to be saying if you have more than 30 days in the new download
file you are merging with the old file it will be lost. As always a
good back before doing anything questionable update is an excellent idea.

Concerning why I upgrade, I have additional accounts other than BoA
which are directly downloaded from the credit card or investment
account. These do not use Yodlee (Citibank, AT&T Universal, and
Fidelity (both 403B and regular) accounts that now are automatically
downloaded correctly. Several other minor nits within Money 2005 fixed
items I had reported on Money 03 and 04, so the end result was that the
resultant product is better for me than running 04. I however, do not
use a passport password and hence do not use some of the major features
including Yodlee.

I do have a test account that uses Yodlee to see how they are coming on
fixing problems with various accounts. I have found that they have
fixed my MFCU and Corporate Diners Clud account. BoA is getting better
but still not at the point I would use it. I have not tried Yodlee to
have it mine my Frequent Flier accounts but supposedly it will do that.

Thus I saw no need to go back to 04 as I can run 05 in a mode that is an
improvement to 04.

Art
 

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