Does M07 handle Brokers' downloads differently from earlier versions?


S

SteveC

I was delighted to see this weekend that when I installed Money 07 that I
didn't get duplicate positions updates when I download my accounts a second
time. Today I downloaded and I had nothing show up for Fidelity or Morgan
Keegan although both show that the update was successful. I usually only
have transactions from them at the end of the month, so that was fine. But
I always get a positions update, which could be a problem because it might
not be as up to date as the quotes update that Money automatically does.
Anyhow, since the markets were open yesterday, I expected my Tuesday update
to show new positions from Fidelity and Morgan Keegan. But there were none.

Now assuming quotes are updating correctly, and I have no reason to think
they aren't, this is really preferable behavior assuming my transactions
come in when they are supposed to. Of course, the positions updates help me
catch any errors I may have in the portfolio (because Money would attempt to
fix any discrepancy it found).

Anyone seeing this behavior or know if there has been a change?
 
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J

johnbusc

Steve,

My experience is that it actually does show position updates each
download. However, Money 2007 now automatically reconciles them such
that, if there is no difference since the last download, you may not
notice the position download even occurred.

On your next update where a position change isn't involved, navigate to
the Account List page and you should see the position update appear and
then subsequently disappear as Money reconciles it.

I'm still getting used to this and am trying to determine if there is a
way to turn it off. I have yet to find it. Anyone?.....

Regards,
JB
 
S

SteveC

Thanks, I will check that out. This behavior is ok with me. I assume if
there were a discrepancy, Money would alert me as it did before offering to
add or delete shares. I suppose I could make a temporary change and see if
the download catches it.

Ok, the change threw it off but it still showed no transactions, but I
clicked on the statement and it took me to the reconciliation page and
offered to fix it. I went back and fixed it myself and it then reconciled.
So as far as I can tell, it doesn't warn you.
 
C

Cal Learner-- MVP

Thanks, I will check that out. This behavior is ok with me. I assume if
there were a discrepancy, Money would alert me as it did before offering to
add or delete shares. I suppose I could make a temporary change and see if
the download catches it.
Good observations. I also see there is no "Positions to read" if
there is no discrepancy, but that does show if there is a
discrepancy. That seems like a good behavior to me.
Ok, the change threw it off but it still showed no transactions, but I
clicked on the statement and it took me to the reconciliation page and
offered to fix it. I went back and fixed it myself and it then reconciled.
So as far as I can tell, it doesn't warn you.
I see the "Positions to read" if there is a discrepancy at the time
of download.
 
J

johnbusc

Cal,

I see the "Positions to Read" even if there is no discrepancy.
However, each of my five will disappear one at a time as Money
automatically reconciles them. In prior versions we'd have to do this
manually and I would think there'd be an option to revert to the old
method if so desired.

As I suggested to the OP, if you navigate to the Account List during
the update, you should briefly see "Positions to Read" even without a
discrepancy. Let us know if you agree. Thanks.

Regards,
JB
 
M

Michael Gordon, MVP

Jumping in - for investment accounts, if there wasn't any new activity from
the download, the "positions to read" count reflected the number of
securities in the portfolio. This could easily confuse folks, so it would be
nice if it worked differently.
 
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C

Cal Learner-- MVP

In said:
I see the "Positions to Read" even if there is no discrepancy.
However, each of my five will disappear one at a time as Money
automatically reconciles them. In prior versions we'd have to do this
manually and I would think there'd be an option to revert to the old
method if so desired.

As I suggested to the OP, if you navigate to the Account List during
the update, you should briefly see "Positions to Read" even without a
discrepancy. Let us know if you agree. Thanks.
Update in progress" occurs for a while. Then I do see the "Positions
to Read" occur, even without discrepancy. The ones with no
discrepancy then lose the "Positions to Read" after several seconds.
I think this is what you are describing.
 
S

SteveC

Yes, I see that too, but you have to hurry.
Cal,

I see the "Positions to Read" even if there is no discrepancy.
However, each of my five will disappear one at a time as Money
automatically reconciles them. In prior versions we'd have to do this
manually and I would think there'd be an option to revert to the old
method if so desired.

As I suggested to the OP, if you navigate to the Account List during
the update, you should briefly see "Positions to Read" even without a
discrepancy. Let us know if you agree. Thanks.

Regards,
JB
 
S

SteveC

Yep, that is what it does. I changed one of my transactions so it was wrong
and after the update, I had 1 change to make. It offered to fix but I
postponed, fixed it back, and then went back to the statement and accepted
it and it matched up. I think this is an improvement.
 
J

johnbusc

Steve,

I would agree it is an improvement if we can assume there aren't any
scenarios or unforseen glitches that would have us wishing for the
opportunity to review the downloaded activity manually.

I suppose the jury is still out but am still wondering why there's no
(buried) option to select manual vs. automatic reconciliation.

Most of us are probably thinking this is an improvement at this point
because we've lived so long with "Positions To Read" (click), "Finish"
(click) routine for each (click) direct-enabled investment account.

However, for the five accounts of mine that are affected the new
process takes on the order of 30-60s to complete. Heck, I can (click)
faster than that!!! For those whose automatic results are faster, I
can appreciate the appearance of an "improvement". I'd still like the
option to choose manual vs. auto.

Regards,
JB
 
C

Cal Learner-- MVP

In said:
I would agree it is an improvement if we can assume there aren't any
scenarios or unforseen glitches that would have us wishing for the
opportunity to review the downloaded activity manually.
We are not talking about downloaded activity. We are talking about
position data, and what happens when that position data already
matches what is in your Money file.
 
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J

johnbusc

Cal said:
We are not talking about downloaded activity. We are talking about
position data, and what happens when that position data already
matches what is in your Money file.
OK, I can accept that. I'm willing to give it the annual chance.
Here's hoping Money never thinks our positions match when they don't
(or vice versa). Cheers!

JB
 
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S

SteveC

Yep, we will have to see how it plays out in real time usage. So far, so
good.
 

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