I upgraded to Quicken 2007 from Q2004 a few months ago. A problem I had in Q2004 and never resolved has persisted - not unexpectedly. However, I have now decided I would like to fix it and I cannot seem to figure out the best, i.e., quickest way. And maybe it is not fixable now, but I hope it is.
The problem goes back some years, I'm not sure how many. I think there are two parts to the problem.
- I had an investment account with a linked cash or bank account. At some point, probably when I updated to Quicken 2004 from an earlier version, the directions indicated that it was better not to continue with the 'linked' account set-up and I followed the directions. For a time I had the link information available but it wasn't linked. As the years went on and I did end-of-year archiving, the linked account archived, I think. I can find some of the transactions in archived accounts. Meanwhile, my investment account cash balance reconciles but only after I add some adjustments from time to time. These adjustments appear to tie in with checks drawn and other entries recorded in the missing linked account. Moreover, the cash amount in the portfolio display is way out of sync.
- In addition, I have one investment in a kind of money fund (not the account cash) that Quicken wants to treat as cash, so that makes two cash holdings to my way of thinking. Moreover, the investment that Quicken wants to treat as cash, also shows up as shares, because that's the way it was set up originally. All the interest is recorded in the security as reinvested dividends. Recently, I clicked on the highlighted cash in the portfolio and followed the recommendation to consider the 'money fund investment' as cash. This did not affect the cash balance showing in the transactions display, a may have slightly affected the cash balance in the portfolio but it didn't make any more sense to me.
How can I fix all of this?
Merrily