hi, Just upgraded to QB2006. I'm an an accountant. I use quickbooks to keep track of my rental property expenses and income as well as my own personal checking account. This is my first time downloading bank acct activity.
I understand that it would be best to enter every transaction by hand into QB and then download activity to reconcile.
To be honest, I am not good about entering all my transactions into QB on a regular basis. I can't even seem to find the time to write out the monthly bills, so nearly all bills are set up for automatic payment.
I wanted to use QB2006 to download banking and credit card activity so that I wouldn't have to enter every single individual transaction by hand.
But my experience when downloading for the first time was that this was not going to work out.
Oh, what a horror this matching is. Nearly every transaction from my Chase account comes in as "Automatic Paymen" (from the direct deposit of my paycheck to the automatic payment of my gym membership and Chase credit card) so I have to create an alias for almost every transaction. boo hoo. I may as well enter the transactions directly into QB to begin with.
And the automatic QB matching is not so swift. One of my downloaded transactions was check #6208 and QB didn't match it to the existing entry in the checkbook register for check #6208. :(
So, what do you think of the downloading feature? Am I using it so incorrectly that it just seems to be awful, or is it really awful?
Thanks.