Quicken Dlx 2006
Last Feb. my wife set up a Roth IRA, with two mutual funds. She wrote an initial check to set up the account, and has two bank drafts each month, one for each of the two funds in the account.
When I first set up the account in Q, I set it up with two securities and a cash balance. I did this initially because I didn't know how the cash was going to be split between the two funds until the statements started coming in, so planned on putting the initial check and the monthly drafts into the cash balance, then changing them to the correct funds when we got the statements.
Well, I just put the statements in a file folder, and am now going back to reconcile and adjust everything. What I'm finding, of course is that I have two monthly 'ContribX' transactions, putting money in the cash account. However, as far as the brokerage is concerned, there really is no cash account and all of the contributions are going straight to the associated securities. Having to go in and 'buy' fund shares with money from the 'cash' account is a pain, and makes for a real messy transaction register which is even more difficult to reconcile with the statements.
Is there a cleaner way of handling this?
Just to make matters more interesting, the funds changed from Nations Funds to Columbia Management, with renaming of the individual funds. How do I deal with that? I don't want to continue tracking it under an obsolete name.