I own a bond ladder, funded with a cash / sweep account. I know how to record new bond purchases, and automatically deduct the purchase costs from the cash account.
The cash account (which is held in a money market account) earns interest each month. I haven't been able to figure out how to tell Quicken to add that money to my cash account. Does anyone here know how I can do that? Thanks.
To be clear, I am doing all these entries manually, not via direct transactions with the brokerage. I just wondered how to enter the earned money market interest into my bond ladder's Quicken account.
I found a workaround. On some screen regarding the cash account, it had a button saying something like "Set your cash account as a checking account". I did that, and it moved it up to the Banking area, but is linked to my Bond Ladder account.
So, when I buy a new bond, it automatically deducts the cost from this new "checking account" (which in reality is a money market account, though). And I can add the interest earned from the MM account (and from the bonds themselves) into this account just as a new deposit. It probably causes some problems doing it this way, but at least the totals are right.
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