Go back to Linked Cash Account w/out Money Market Shares

Nov 14, 2007 2 Replies

I have an Ameritrade account with a linked cash account. About 2 years ago I began downloading transations into the account. This made cash transactions become dual entry with money market shares purchased for every cash transaction. The end result is that I cannot understand or balance my accounts properly any more. I stopped using downloaded transactions a couple of months ago but kept the Ameritrade-Ameritrade Cash account setup. I am contemplating the best thing to do from this point forward. I will not use downloaded transactions, only manual entries (I don't have many).



What happens if I just delete the transactions from the cash account that removed money to purchase shares of the money market account?


I had a similar problem with my Wachovia account. I don't have a linked cash account, but almost all of the transactions were for buying and selling money market shares, as it happened with every other transaction.

I went through and deleted all money market shares. Now, when I download transactions, I delete those, and when I'm done, it offers to create a place holder for the mismatch. I check to see that it is close to my cash balance, and refuse the place holder. It adds a few extra button pushes, but works well. I can now look at the register and see what is going on, without all the extra transactions.

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