Online Banking

[David Reiser]

On Sep 20, 2006, at 3:00 PM, Justin F. Knotzke wrote:

>    Hi,
>
>    I am running GnuCash 2.0.1 that I compiled myself with online  
> banking
> enabled..
>
>    Importing QIF works like a charm..
>
>    But I have a question regarding 'online banking'. I am in Canada  
> and
> Quicken supports all of the Canadian banks for online banking. That  
> is to
> say, it can connect to my bank and download all new transactions  
> from inside
> Quicken without using a browser and downloading the QIF file.
>
>    Is this what online banking in GnuCash attempts to do ?

As Derek mentioned, yes. One limitation is that libofx doesn't have  
any payment capabilities, so you can't initiate a bill-pay  
transaction via GnuCash/AqBanking. The other major limitation is that  
AqBanking doesn't have investment/stock buy/sell transaction  
capabilities. Dividends work, but purchases and sales end up with  
incorrect information.

>    If so, what has to be done to download my new transactions  
> directly from
> my bank without having to download the QIF file ?

I'll see if I can get the page up tomorrow night.

You have one major advantage coming from Quicken. All the necessary  
connection information for your accounts exists in your OFXLOG files  
(in Quicken itself if you're on 2006, in some related directory for  
an earlier versions). So you won't have to go slogging through fidata  
or other massive sources to find the ofx server addresses and such  
(especially useful for checking and savings accounts where Quicken  
frequently uses Yodlee as a branding server, masking the data server  
address).

>
>    Thanks
>
>     J
>
> -- 
> Justin F. Knotzke
> jknotzke at shampoo.ca
> http://www.shampoo.ca
>
Dave
--
David Reiser
dbreiser at earthlink.net