Immediately upon subscribing to this newsgroup I searched for CD's and Certificate of Deposits, but found no threads. Previously, I searched an Intuit forum at quicken.com but found little information. Prior to that I read the help topics in Quicken 2005, again to no avail to help me with my problem:
How to enter a Certificate of Deposit and do in under an investment account which I have set up. It is easy to enter transactions for interest gained on the CD, but what about the CD itself?
I enter CDs as if they were a bond. So a $10,000 CD would have 100 "shares" and a price of 100. Alternatively, you can enter 10000 "shares" and a price of $1.00.
Quicken will not keep track of accrued interest. Your choice is to accept this, or enter, say, monthly, a price that includes accrued interest.
CD's are, in the pantheon of investments, nothing more than itty-bitty bonds that are typically (but not always) issued directly to an individual rather than being issued to "the market".
Fred's got the handling exactly correct.
db, former Wells Fargo Audit VP
Thanks! That's what I finally figured out. The problem was having cash in an investment account, purchasing a CD and recording that transaction. The interest will be entered manually as transactions as statements are received. Again, thanks for the responses.
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