Cash accounts in investments

I had to do that too when I converted. If I remember right, in the account list, right click on your investment account and select Edit Account.

On the Account Details -> General tab, there should be a "Show cash in a checking account". Change that to No.

Bruce.

Here's a somewhat different spin. I have a brokerage account in Vanguard; their 'sweep' account is in a money market fund account, both have different account numbers. The difference is that the sweep is not in a bank account, it's in the same FI as the stock account, just a different type with a different account number. But Tom's thoughts are exactly correct; when a buy or sell is executed, we use a BOUGHTX or SOLDX to increase or decrease the number of shares in the money market sweep account to cover the cost or increase the balance of the sale .

A question that you need to answer David is when you purchase in your brokerage account, where's the money *coming* from??

A couple more points. I have unchecked the "show cash" in the brokerage account but that did not eliminate the cash account. The money for a buy is coming from a money market security in the same brokerage account. When I manually enter a buy or sell, I also manually update the MM balance as well. Part of the problem is historical in that the MM account since the beginning has been set up to contain one share, and I just update the share price to reflect the total value. Maybe it is time to rethink how I approach this with Quicken. In MS Money, I just was able to avoid using a cash account completely.

David

Odd. They must have somehow gotten unlinked. I just changed mine to Yes and it created the cash account, then changed it back to No and it deleted the cash account.

Bruce.