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Using Money Fund as Cash Balance

I see in Q2006 help that there is an option to track a money market fund as a cash balance. (In Help, search for "brokerage fund cash balance" and see the #1 result.)

It says that not all brokerage houses offer this option, and tells how to enable it when first setting up the account for online download.

Questions:

How can I find out if a brokerage house does offer the option?

How can this option be turned on in an existing account? There is some discussion of this in Q2006 help, but it's not clear to me.

Thanks for any help.

Reply to
Walt Bilofsky
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Outside of enlisting Quicken's help, I think the only alternative is to call the brokerage and hope one of their tech support people know the answer. But, I don't think that's necessary.

I think that if the fi offers the capability, Quicken knows it.

To see if the fi has the capability, and to take advantage of it if they do; open the account to the Transactions tab, click Investing > Investing Activities > Update Cash Balance.

If you see a button at the bottom of the resulting dialog box labeled "Cash Representation", that means the fi has the option. Click that button to change how cash is treated in the account.

[I'm not sure how Quicken is notified about the option, so I don't know what happens if the fi adopts the option after you do your first download to the account. My guess is that either it is transmitted when other fi information is refreshed (I think Intuit said every couple of days) ... or you would have to setup a new account and do a first download to it.]
Reply to
John Pollard

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