kaya
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Post by kaya on Sept 7, 2016 11:28:28 GMT
Is it just me or are the statements illogical and counter-intuitive? Every transaction gets a double entry, one a credit and one a debit. Eh?
The debit entry goes like (eg) 'investment into QAA direct from quick access account'. Eh?
So that means, 'investment into quick access account from quick access account'. Eh?
Also there are no running totals - which are particularly needed with this illogical and confusing set-up. Or is it just me? Eh?
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investibod
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Post by investibod on Sept 8, 2016 15:16:11 GMT
I did study double entry book keeping some time ago (longer than I like to remember), so this does make sense to me, even though is can be a matter of not being able to see the wood for the trees. It would probably be helpful if there was an option to hide these entries to make the transaction list easier to check.
The alternative is to download the transactions to a spreadsheet. You can then filter these off and make things much more useful.
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kaya
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Post by kaya on Sept 8, 2016 15:46:30 GMT
Thanks for response investibod. For people like me that failed their accountancy exams, an even better alternative would be for Assetz to ' filter these off and make things much more useful'.
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Sept 8, 2016 16:42:06 GMT
Thanks for response investibod . For people like me that failed their accountancy exams, an even better alternative would be for Assetz to ' filter these off and make things much more useful'. Previously they were much more simple and not doubled up; people complained they were incomplete and therefore not correct. So now we have this rather messy and apparently obtuse, but correct, current statement.
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jjc
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Post by jjc on Sept 8, 2016 19:22:00 GMT
The lovely ramblin rose (nice to see you on here again) has a better memory than me (it was our fault gdamm). I however recall others suggesting an option to toggle these double entries on/off as required, plus a number of other good recent suggestions. Not sure we’ve heard back when some/any of these will be ready. MLIA lender features possibly a low priority for AC now. p2pindependentforum.com/thread/177/suggestions-improvements?page=30from a quick glance a number of good suggestions just on pages 28-30. |
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kaya
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Post by kaya on Sept 9, 2016 9:29:51 GMT
So messy and aparently obtuse statements are technically 'correct'? Thats illogical Captain!
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mikeb
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Post by mikeb on Sept 10, 2016 17:37:39 GMT
'investment into QAA direct from quick access account'. If that is verbatim what your statement says, it is a nonsense, and probably a bug. For a while, there was a thing on my statement that said (approx) "Investment into manual account from". Just that. From nowhere. Money that was actually returning from investments, which should have (and in fact was) going to the QAA was shown as going directly into the MLIA. I think. Or the other way  I just started ignoring all the twaddle commentary, seemed simpler than getting it fixed -- especially as it was raised on here and nothing happened. It eventually got fixed, you seem to still have something adrift though.
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duck
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Post by duck on Sept 11, 2016 5:32:31 GMT
I download the statement and drop it directly into a spreadsheet
The entries I am currently* seeing are
Investment into qaa swept from Manual Loan Investments Account / Instant withdrawal from Quick Access Account (5)
and
Investment into qaa swept from Great British Business Account / Instant withdrawal from Quick Access Account (5)
I use the 2 entries to check on the dashboard figures, very useful. When the QAA was introduced (12/10/15) the statement showed money flowing in Investment into Quick Access Account (5)
but no withdrawal statement was used simply a purchase statement Purchase loan part 13484097 (old id 13295158) for 1.0000000000000000000000000000000000024368 GBP - annualised rate 11.5, loan: XXXXXXXX (126) which made no sense since MLIA had no cash (but had made a purchase) and there was now an excess showing for the lender if they kept track of their QAA 'investments'.
*There were previously different statements used but as far as I have checked the introduction of Instant withdrawal from Quick Access Account (5) came into play on 10/11/15 and has remained consistent since then.
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