Record proceeds to .....

What version of Quicken are you using?

In more recent versions (about Q03 onwards), it in the Enter Transaction dialogue box, in the bottom left hand corner under "Use cash for this transaction"

On earlier versions, they are the 'X' transactions (eg BuyX rather than Buy).

Yes, we can explain. In one case, the cash comes from the investment account, in the other, it comes from some other account that you identify.

I'm using Quicken Deluxe 2006 for Windows.

I am interested in the Sell transaction where the line says "Record proceeds To". My question was related to John Pollard saying: "Or telling Quicken in the Buy/Sell transactions to "Use cash for this transaction" "From" (or "Record proceeds" "To") the account where the transaction is being entered. [NOTE: This is not the same as using "this account's cash balance".] "

The part where he says "[NOTE: This is not the same as using "this account's cash balance".] " implies -- unless I misunderstand him -- that even though one selects the same account where the transaction is entered (see his text above), it does not use cash from that account ("NOTE: This is not the same as using "this account's cash balance".] )

I am also not familiar with the 'X' transactions and will have to read up about them.

Jeff

You understood me correctly, but I confess, I am confused by what you are trying to get at with this question. I think you could provide as good an answer as I can by just entering such a transaction and noting the results.

By posting this question, out of the context of my original answer, I think you have muddied the waters. You were looking for a way to remove shares from an account and record the amount received for those shares, without affecting the cash balance in the account ... the answer I gave you should allow you to do just that. Entering a Sell transaction and choosing to "Record Proceeds" to the same account as the Sell transaction records the amount of the sale, but does not change the cash balance.

To see a similar result, enter a Dividend transaction and elect the investment account in the "Transfer account" drop down. You will get one of those "X" transactions, which normally transfers funds to another account ... but in this case, the transfer is to the account where the transaction is entered ... no Quicken account's cash balance is changed by this transaction (but your _DivInc will be increased by the amount of the transaction).

Thank you. That is clear enough. It was not intuitive (at least to me) that recording the proceeds to an account does not use the cash (from the cash balance) of the open account register it is being entered in. But as long as it works, that's fine.

BTW, in a sell transaction, sometimes the "Record Proceeds to" box is available to use and sometimes it is grayed out and not available. Is there a rationale to this?

Thanks again.

Jeff

John Pollard wrote:

"Jeff" wrote

I'm not sure I can think of a situation when the entire box is grayed out; but the "To this account's cash balance" is unavailable in Single Mutual Fund accounts, and the drop down account to transfer to is unavailable in an investment account with a linked cash account, and the entire "To" button and the drop-down are unavailable in IRA accounts (in Q2006 Premier, R4 ... a condition which I think is unintended).

Thank you. I think it may have been in my IRA accounts.

Jeff