You cannot set up CheckFree bill pay service through an investment account in Money (326071)
The information in this article applies to:
- Microsoft Money 2007 Deluxe
- Microsoft Money 2007 Home & Business
- Microsoft Money 2007 Premium
- Microsoft Money 2004 Deluxe
- Microsoft Money 2003 Standard
- Microsoft Money 2002
- Microsoft Money Essentials
This article was previously published under Q326071 SYMPTOMS When you try to set up CheckFree bill pay services in Microsoft Money
through an investment account, you may experience one of the following symptoms:
CAUSE This issue may occur if the format that CheckFree uses
for Money does not support bill pay services through investment accounts.WORKAROUND To work around this issue, divide the
functions of your investment account in Money. To do this, follow these steps:
- Create an additional account in Money.
This
additional account acts as another view of your investment account. It will
handle your bill pay functions for this account. To set up this account, follow
these steps:
- On the Account & Bills menu, click Account Setup.
- Click Add new account.
- When you are prompted to assign a financial
institution, click the financial institution in which you have your investment
account, and then click Next.
- Under What kind of account would you like to
set up?, click Checking, and then click Next.
- Name the new account Financial_Institution-Transactions, and then click Next.
- Enter the account information for your investment
account, and then follow the on-screen instructions to complete the account
setup process.
- Rename your investment account as Financial_Institution-Investments. To do this, follow these steps:
- On the Accounts & Bills menu, click Account Setup.
- Click Rename an Account.
- Click your original investment account, and then type
the new name.
- Configure your original account (Financial_Institution-Investments) to connect to your financial institution. To do this, follow
these steps:
- Click Accounts & Bills, and then click Online Services Manager.
- On the Online Services Manager page, click Set up online services next to your
financial institution, click your financial institution in the list, and then
click Next. Provide your account information, and then follow the on-screen
instructions to set up online services.
- Configure your new checking account
(Financial_Institution-Transactions) to connect to
CheckFree, and then match the accounts. To do this, follow these steps:
- Click Accounts & Bills, and then click Online Services Manager.
- Provide your account information, and then follow the
on-screen instructions to access your account with CheckFree.
- On the Match Accounts screen, match your CheckFree account to your newly created
checking account
(Financial_Institution-Transactions).
- Download the account information for your investment
account from your financial institution. To do this, follow these steps:
- Click Accounts & Bills, click Account List, and then click your investment account
(Financial_Institution-Investments).
- Click Connect to broker, and then
click the online services option for your account.
- Follow the on-screen instructions to download
information for your account. These instructions will vary depending on your
financial institution.
- On the Match Accounts screen, create a new account (cash account) for the downloaded
information. This information is duplicate information that was already
downloaded into your checking account
(Financial_Institution-Transactions).
- Delete the cash account that contains the duplicate
information.
Modification Type: | Minor | Last Reviewed: | 7/6/2006 |
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Keywords: | kberrmsg kbprb KB326071 |
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