Cash balance in investment accounts

Jul 16, 2011 1 Replies

At some point in the past Quicken started tracking cash in investment accounts. If you sell a security in an account, the cash will appear in the Cash Balance. Transfering some of that cash to (say) a savings account will decreast the Cash Balance.



If a security is purchased Quicken seems to want to take the money out of the Cash Balance in the account. And, I *think* it will get money from the attached account if needed. If there isn't enough money anywhere, I suspect it completes the purchase anyway and indicates you are short in that account. That means you must put in some money.



How do I clear out the indicated Cash Balance? How do I determine the basis for shares used to cover a short position?


Stubby wrote in news:cd449239-1d8e-4a06- snipped-for-privacy@j15g2000yqf.googlegroups.com:

I guess it depends on where the money went. I occasionally transfer the cash to a savings account so I record a "Withdraw" trandaction specifying teh receiving account as the category.

Isn't this the same as selling security A so you can use the proceeds to buy security B? Figure the cost basis just liek any other sale.

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