Attribution of purchases and dividends to wrong account

Mar 24, 2010 2 Replies

Using Quicken deluxe '09 on Vista.



Quicken insists on crediting purchases and dividends to an account that has been cleaned out, the assets transferred to another account. Specifically Account "A" has been zeroed out, the stock has been transferred to Account "B". Stock purchased for Account "C" will be credited to Account "A". Dividends accrued to Account "C" will be credited to Account "A". Account "A" has never contained any of the stock that is being erroneously credited to it. This really creates a problem with the placeholders. When the erroneously credited purchase or dividend is credited to Account "A" I delete it and manually credit it to Account "C" where it belongs. Quicken refuses to believe the stock is not in Account "A" and nags at me to input the number of shares. I can't just delete Account "A", I have transactions in that account. I have tried deleting the nagging notices about placeholders but Quicken is very persistent. I have done the verification etc without relief. Suggestions are welcome.


Are "Account A", "Account B", and "Account C" all separate Quicken accounts?

And when you say Quicken is "crediting purchases and dividends" to the wrong account, are you talking about downloading transactions to the wrong account?

If so, when you transferred the securities out of Account A, did you deactivate the account for downloading? If not, that would be a good first step to take. You can do that by clicking the "Change Online Services" button on the Overview tab of the account ....

Then you'll just have to deal with setting Account C up correctly for downloading.

Are the Quicken accounts held at the same financial institution?

John: Since seeking help and comment I have deactivated the account for downloading so we shall see what happens next. Yes, all accounts are held in Fidelity. The "history" of account C indicates that Fidelity is crediting dividends, etc, properly. I suppose I have somehow clicked on a box that causes this mis- crediting but I'll be dammed if I can find it. Thanks Leo

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