I'm in Q2005H&B This topic has been addressed somewhat in previous threads--My bank tells me this is not an uncommon situation: Years ago I set up 2 money market accounts through my bank as "type: bank/cash flow". No problems, until the bank now has the option for convenient direct downloads. The download won't recognize a bank-type register. Has to be re-set-up as "investment." Then the redeems and purchases can find matching fields.
From previous posts, there is no easy way to convert a "bank" type
account to an "invest" type account. My understanding is that I'm starting over-- have to create 2 new accounts as "invest" types. Here are the steps I'm thinking of. Would appreciate confirmation:
- Set a begin date of January 1, 2005
- Create 2 new "invest" accounts to be the new money markets
- Current-reconcile the old bank-type accounts.
- They are not very active accounts; so I could, conceivably, take a Saturday and hand-build the new accounts--re-enter all 2005 transactions, carefully re-linking with linking checking accounts
- After rebuilding, call the bank and set-up download
- "Hide" the old bank-type accounts ?
Am I missing anything ? Thanks in advance. Brad