Changing cash representation

Jul 06, 2006 5 Replies

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Jeff 20 years ago

Using Quicken Deluxe 2006, I have 2 groups of accounts with the same broker (one for my kid and one for me) and I keep them in different files. In my kid's Quicken file's investment account, when I click on the "Cash" link at the bottom of the Summary view tab, a window pops up and I am told by Quicken that:

"The cash in your account is held by your broker in a money market fund. Quicken is currently assuming that the value of [money fund name] represents your cash balance. Select the Change button to change how Quicken handles the money market fund representing your cash the next time you download."

This is fine with me. BUT, in my own Quicken file, when I click on the "Cash" link as above in an investment account, the window that opens up only gives me the option to adjust the cash balance but not the option to change the way Quicken handles the money fund.

I prefer the way Quicken handles the money market fund in my kid's account. Is there a way to change how Quicken handles the money fund in my own accounts? I looked in Quicken's help under "cash representation" (the name of the button in my kid's account) but found no way to change my account.

Anyone know how?

Thanks.

Jeff

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John Pollard 20 years ago

I think you just didn't take this far enough; but I can't be sure from your explanation. There is another route.

Open the investment account to the Transaction tab. In the Quicken menu, click Investing > Investing Activities > Update Cash Balance. At the bottom of the resulting dialog box should be a button labelled, "Cash Representation"; click that and elect to "Change". The next time you download to that account, you should get the option to have the mm fund treated as cash.

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Jeff 20 years ago

That's precisely my problem and my dilemna. When I do what you told me, the window that opens up does not include the button labelled "Cash Representation"! There is a blank space where it should be. I wonder if that because a) that option is not available for IRA accounts in Quicken. b) It can only be chosen when the account is first created. c) The broker does not make that option available for IRA accounts.

Jeff

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Jeff 20 years ago

It has nothing to do with IRA accounts because it is also not available (no button) in my non IRA accounts. But it is available in my daughter's accounts - same broker.

Wierd!

Jeff

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John Pollard 20 years ago

It's normally offerred when first downloaded, I think (but my understanding is that should not prevent the option I suggested). Try Deactivating, the Activating the account for transaction download.

I would look for *any* differences between your Quicken account, and your child's account: both in their Quicken definition and their real world status.

I have a Smith Barney account that I used to check this: I have downloaded many times to that account, but I was still given the option to change the Cash Representation. It's possible you may have something else wrong; maybe a Validate would be worth trying.

This sounds like a difference between your account and your child's account; and I think this could well be a difference that would cause your problem. I'm not sure that this is a difference that's controlled by Quicken; I could not find any mention of that being a limitation from Quicken's point of view.

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Jeff 20 years ago

Thanks for replying. I'll keep looking. All these accounts are from Smith Barney too.

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