Entering bill payments in Quick06 once only!

Aug 27, 2005 2 Replies
D

Can someone tell me if it's possible to have online bill pay work this way?



(1) I enter the payment manually in Q06 (2) Q06 uploads (by itself) the payment to my bank's online bill pay function and enters it. (3) Or: Q06 uploads (by itself) the entered payment to Q Online Banking and enters it.



Thus I have entered the payment exactly ONCE and it is done.



For years I have been entering duplicate payments, one in my banks internet based online banking program, and one in Money/Quicken (I switched).



I have thought of JUST entering the payments in my online banking acct and then having them automatically downloaded into Money/Quicken, but this doesn't let me see pending payments in M/Q(though I can see them at the bank's site).



Thanks


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M

If your bank offers "direct connect" to Quicken and part of the direct connect service is billpay, then it can work exactly as you envisage. I pay all my bills that way. I do not have Quicken Billpay, but I understand that that is also how it should work if you have QBP when your bank does not offer this service.

With direct connect, if I enter a future payment at my FI's billpay website, the transaction will download into Quicken.

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D

one further query--

if it works this way, one entry, then what happens when you later download the all entries from the bank? would you have a problem with them all matching? or would problems arise because of different names etc.?

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