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Posted by JerryC on January 26, 2008, 7:10 am
Please log in for more thread options Thanks John. I realize I screwed up now. I should have posted *before* I
downloaded the new transactions and gotten advice here.
So now that the damage is done, can I use your technique below and just
delete the downloaded transactions? Won't get get me back to fairly good
shape?
If not, maybe I'll just do what oilcan said, it sounds simple, even
though I'll lose the continuity of my history for this fund.
Thanks....
> JerryC wrote:
> > My company moved our 401k from Hewitt to Fidelity Netbenefits.
> > I had
> > both set up to xfer electronically in quicken 2007 deluxe
> > windows. i
> > created the new fidelity acct and it successfully connected to
> > fidelity and imported the transactions. but how do i clear it
> > out of
> > the hewitt account, or modify these quicken txns to show that
> > they
> > came from hewitt? right now my assets are overstated because
> > both
> > accts have that same amount.
>
> Your problem started when you didn't consider the ramifications
> before you Accepted downloaded transactions.
>
> There is no way that any financial institution could know
> whether, or how, you had setup your Quicken accounts ... and no
> way they could effectively address the situation even if they
> knew.
>
> You need to understand how Quicken works, and how Quicken
> interfaces with the real world.
>
> The way to approach your situation in Quicken is to "sell" all
> the holdings in the "old" account, "transfer" the resulting cash
> to the new account, and create (or Accept) Buy transactions in
> the new account ... duplicating what happened in the real-world.
>
> [If you believe you have a problem relating to Quicken thinking
> you are making a "contribution" to the "new" account; there is a
> way to overcome that.]
>
>
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