missing documentation

[Ian Lewis]

Thomas,

Using Direct Connect and importing of QIF files etc. are simply there so you
can import the transactions from your bank without having to enter them by
hand. This can be a real time saver and doesn't really affect
reconciliation. Basically looking at the web interface for your bank and
entering transactions based on what's written there and importing from
Direct Connect or a QIF is the same. Except that there is less chance for
human error and less time spent when importing. You can then reconcile
normally.

Ian

2008/1/5, Thomas Bushnell BSG <tb at becket.net>:
>
>
> On Fri, 2008-01-04 at 17:31 -0500, Derek Atkins wrote:
> > It's intuitively obvious what happens in these two cases.  ;)
> > Seriously, a novice user shouldn't care about it, and if you want
> > to do it you probably already know what it's for.
>
> Actually, I haven't got a clue.
>
> Does it just enter transactions from the statement?  Doesn't that make
> reconciliation kind of pointless?
>
> How does it know what the expense categories are for a given
> transaction, or where the income came from?
>
> I understand that there are other features that direct connect supports,
> depending on your bank, where you can manipulate your accounts, though I
> don't understand why that will be better than using my bank's existing
> web interface.
>
> Really, I just ain't got a clue.
>
>
>
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