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Placeholder Entry Problems

Greetings, I'm using Quicken 2005 Premier and have a problem with placeholder entries in one of my IRA investment accounts. The account is activated and I download transactions from the financial institution. Here's the problem, I have 10 placeholder transactions, five adding shares and five subtracting out the number of shares. All 10 have the same 4/12/05 date. If I delete all ten they come back again the next time I use the "Compare to Portfolio" feature of "On Line Center." How can I get rid of these place holder transactions?

Here's what I've tried and what I've discovered in my investigation of the problem.

  1. Five transactions for the same number of shares actually did occur on
1/16/04 - over a year ago.
  1. Creating two new sets of transactions, one adding the shares and one deleting the shares will get rid of the placeholders. But if I go back and later delete these phony transactions, the placeholders reappear.

Has anyone else had this kind of problem or does anyone have insight into what is going on? I can live with the ten extra transactions in the account, but I'd really like to find a better cleaner solution.

Thanks, Don Rist

Reply to
Don R
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Don't use "Compare to Register". Seriously, it has no useful purpose.

Transactions? Buy? Sell?? how did these transactions affect the share balances?

Of course, the Adding and removing of the shares satisfies the placeholders and they "disappear" - but placeholders only disappear, they never go away unless you explicitly delete them. Just delete the placeholders and don't "Compare to Portfolio" again.

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Reply to
Mike B

I would offer a slightly different suggestion. Compare to Portfolio may actually help you to see where *downloaded* holdings information indicates that you may not have the correct transactions entered in Quicken. But you do not have to allow Quicken to make any "adjustment" for you; if your Quicken transactions are not correct, manually correct them.

(Sometimes the *downloaded* holdings information is incorrect: if you know that your Quicken transactions - therefore your Quicken holdings - are correct, ignore the downloaded holdings ... or call your fi and ask them to download correct holdings).

Reply to
John Pollard

Reply to
Don R

Hi Mike, Thanks for the reply to my question. The placeholder transactions did not indicate a buy or sell, just the fact that the share balance was off by that number of shares. Funny thing is, one placeholder added the shares and a similar placeholder transaction removed the shares. In other words the share balance is correct without either placeholder transaction. Regards, Don Rist

Reply to
Don R

I do not know of any way you can tell Quicken not to enter such transactions. My suspicion at this point is that you are experiencing a Quicken problem ... but I have only been

*testing* Q2004 and Q2005 up to this point; shortly I will be using one or the other for real, and I may have a different opinion then.

I can not think, offhand, of anytime that I want Quicken to automatically enter transactions in my accounts without my permission.

Reply to
John Pollard

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