I am trying to track my mom's investments, but I am not tracking her cash accounts. When she sells shares, it increases the cash balance of the account. This is technically wrong, since the cash is transferred to her checking account. But since I'm not tracking her checking how can I remove the cash from the investment account?
Same question for how do I get cash into the account?
Thanks,
-Jeff
...in other words, I try to set up the buy or sell transaction and the edit window gives me a choice labelled "Record proceeds?". I am required to choose "To this accounts cash balance" (which is wrong) or another account (which is also wrong).
Thanks for your help.
-Jeff
I just determined that if you choose the second option, to transfer the funds to another account, but then select the current account from the drop down list, then the cash balance will not be affected.
Next time I will do more research before using valuable forum space.
-Jeff
Do a SellX...it SELLS the security and transfers the money into whatever account you want. Well, not really transfers it but on paper it does.
No problem.. We all live and learn.
Hi, Sharx.
Quicken no longer uses SellX and BuyX, although it still has this function by using the "other account" boxes in the Sell and Buy transactions. I've forgotten which version of Quicken made the change. Maybe 2004.
You probably already knew that, but some readers may not.
RC
R.C. A minor clarification. I have SellX and BuyX in 2006Deluxe. Looks to me like it is still there for single mutual fund accounts so your point must apply to brokerage accounts.
Bob L.
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