Quicken's "Add shares" allows you to add shares without affecting the cash balance, but it does have places to record share prices. I use it to satisfy placeholders where I had not entered 2-3 year old entries. That works fine.
The reverse, "Remove shares" (to record old sales without affecting the cash balance) however lacks fields to record the price sold and cash received. I've been using the memo field for that but is there a more satisfactory way to record this?
Jeff
Have you considered simply entering Buy/Sell transactions and then adjust the cash balance when your done?
"JM" wrote
Or telling Quicken in the Buy/Sell transactions to "Use cash for this transaction" "From" (or "Record proceeds" "To") the account where the transaction is being entered. [NOTE: This is not the same as using "this account's cash balance".]
That is what I ended up doing. I just wondered if there was a way to do it without having to make cash adjustments. It is possible to do it without affecting the cash balance using "Add shares", but not in "Remove shares" if you wish to enter the share prices.
As I said, I ended up using the Sell transaction and then adjusting the final cash balance.
Jeff
I am not sure I follow this. If I do a sell transaction in the "Record Proceeds" there are 2 options:
I assumed that #1 is the same as using the account's cash balance. Are you saying that if in #2, I select the account I am working in it does not use that account's balance? What does it do for cash proceeds instead?
Could you explain how it is different? Sounds like it would be the same. I checked Quicken's help and it seems to indicate the cash proceeds go to the account selected.
Thanks.
Jeff
I'll second John P's idea - it essentially combines a Buy [or Sell] and a cash adjustment into one transaction. Choose 'Use cash for this transaction - From' and scroll to find the name of the account you are working in. The cash appears [or disappears] in the same fashion as a cash adjustment.
Now that is cool. Thanks.
Jeff
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