Re: "Pending Transaction" feature question

Andrew <[email protected]> Sun, 14 Apr 2024 15:40:42 -0400
Newsgroups alt.comp.software.financial.quicken
Organization A noiseless patient Spider
Message-ID <[email protected]>
On 4/14/2024 9:16 AM, tmp6986 wrote:
> On 4/13/2024 3:57 PM, Andrew wrote:
>> 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.
>>
>> 2. 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?
>>
>> 3. 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'.
> 
> 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....
> 
> 
> 
> 
> 
> 
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.
-- 
-----------------------------------------------------------
Regards -

- Andrew