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"Pending Transaction" feature question

So I see that Q now has a new 'Pending Transaction' feature one can turn on. Fortunately, they have the default set to 'OFF'.

I am wondering why people would want this given the following three circumstances.

  1. A pending transaction often goes away *completely*, such as a hold against a hotel which COMPLETELY gets released if one had pre-paid the hotel without any additional charge applied to your hotel bill. IMO, this type of transaction should not even be displayed in your register since you'll never incur the expenses.

  1. A pending transaction is often totally *wrong*, although a legitimate other value you do owe will exist, such as a restaurant charge that did not include your gratuity such that when it does accurately hit your books it will be a different amount. Is Q smart enough to *update* your register with the correct amount?

  2. A pending transaction *might* have the wrong date when it actually does hit your Quicken download if Q isn't smart enough to use the 'correct' date. And is that date the date you incurred the pending amount, or when it actually gets posted? That date might be different according to personal preference perhaps.

Anyone who uses this feature (And I know John Pollard said he's *not* interested in this, and at the moment, neither am I since these transactions are not real yet, but reflect a *perhaps* future transaction that may or may not even be accurate given the above.

I don't know how Q would differentiate #s 1 and 2 above when they go pending, and since that is the case, I wouldn't want to even see these in any way shape of form.

But I'd love to hear other's opinions. That's what makes this 'fun'.

Reply to
Andrew
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When you enable pending transactions in Preferences, by default, it does NOT display those transactions in the account register. It DOES display them in the Pending Transactions tab - which at least for me, shows up below the actual account register along with the Downloaded transactions tab and the Bills & Income Reminders tab. So if they later go away, they just go away from the Pending Transactions tab and never affect your account register.

There is a 2nd level to this option (the right hand column of settings in Pending Transactions - Account Settings) where you can have them show up in the register. But that level is currently grayed out and can't be enable yet in the version I'm running which is the most recent release R55.26.

So, presumably, once that right hand column is enabled to be used in the future, you will still have the option not to use that functionality, and just continue to have the pending transactions show up only in the separate Pending Transactions tab below.

Hope I explained that right. So far I'm getting to like the feature, and I didn't think I was going to....

Reply to
tmp6986

Thanks....that might be reasonable to try as long as they don't immediately show up in my register; another tab to see PENDING might indeed work for me. As it is, I *do* go online to my credit and bank accounts often to see any 'pending' transactions, so this might be a better way to see that in one view. Appreciate the feedback.

Reply to
Andrew

Yes, that's the way I see it also. I don't ever want to see the pending transactions in the account register (until cleared), but do like to be able to see them separately below.

Reply to
tmp6986

I can answer this one. Way back when I was a student, I made a credit card purchase related to a vacation for myself. The business I patronized performed a test transaction on my credit card. No problem, except that they accidentally entered a dolllar amount that was ten times what would have been reasonable. This blew out my credit limit and caused a series of attempted vacation-related purchases to fail. It took me a while to find the problem, and the only remedy was to wait a few days for the bad transaction to vanish.

I wasn't using Quicken at the time, but the "pending transaction" feature would have helped. Naturally, I enabled this feature in Quicken immediately.

Reply to
David Arnstein

Yes David, I hear you. I might not have been absolutely clear in what I meant. I DID turn on PENDING TRANSACTIONS (I like having this feature) so I can indeed see the case you described and I would have been alerted to this. What I was saying was I didn't want the actual HOLD transaction to appear in my "real" Quicken register until it was a valid charge with an actual value. I do understand if you are advocating having it go there as a temporary transaction pending acceptance that it would be more visible 'in your face' as opposed to having to clear on the PENDING TRANSACTIONS tab that I do have to do now to see them.

Reply to
Andrew

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