Hello. I'm tracking a relative's finances. Included are a couple of passbook savings accounts (with fluctuating interest rates). I had set them up under the cash flow category, as suggested in the help file. The only transactions in the registers are earned interest deposits. (No withdrawal has been made.) Out of curiosity, I just tried to get a reading on their performance. For any given account, I can't seem to find a report or display option that simply shows the computed interest rate. My apologies for the dumb question, but how is it done?
Thank you Fred. I'd pretty much concluded as much. Is anyone besides me bothered by this? With all the performance computational power built in for investment accounts, I'd have expected a simple IRR type computation for savings accounts to be a trivial feature.
Incidentally, with respect to your item 2, when you say "convert," you mean "regroup," right? I had a few zero-balance CD's in the cash flow center that I'd never deleted, so I tried regrouping one to an investment account (right click "cash flow center," click on "rearrange accounts," use the "manage accounts" tab). The account did move from one group to the other, but the register display remained the same, ie. two tabs reading "register" and "overview," rather than the expected "Summary," "Performance & Analysis," and "Transactions" tabs of a an investment account. There were still transaction data in the account, but in one or two attempts, I couldn't get any investment report to work on those data. In other words, the account looked and behaved just like it did in when it was located in the cash flow center. So, yeah, your suggestion that data re-entry might be necessary looks right, but it would mean doing it from absolute scratch. From what I can see, the "regrouping" function is merely cosmetic. It does not appear to "convert" the data at all. (I'm afraid to perform the expt on currently active accounts.) -Ron
You're right, a simple IRR computation for a savings account is trivial. I think the reason it's not in Quicken is there's just not enough demand for it.
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