ADDing new investment accounts in Quicken 2008 Delixe

Posted by John Carter on September 11, 2009, 9:12 pm

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Quicken 2008 Deluxe, Win XP Pro SP3

I am trying to ADD another Investing account to my current list. This
account is at the same company where all the EXISTING other accounts
are. (American Funds)

I select the financial institute, indicate I want Quicken to track this
accout, and when I entermy Id and Password, Quicken connects to the
funds site and shows me a list of fund numbers and account numbers (in
this format: fund no,Am Funds Account #) and then a pull down list to
the right of each of the list items found at the site. I then have to
add a Quicken name to each of the funds, or select some other option in
the pull-down list. I found the fund number and account number I want
to add and pull down the list , then enter the Quicken account name.
My question: Why do I have to do this to ALL the accounts, even
though they already exist in my Quicken account list? I tried naming
only the one I want to add, but Quicken will not proceed. The EXISTING
accounts have been there for 3 years and I get downloads for them.

To me, it seems as if Quicken is trying to ADD ALL the accounts, when I
only want to ADD the new one. I don't want to proceed for fear that I
might destroy the existing accounts.

This seems to be a simple task. Why is Quicken making it so
complicated? What am I missing here?

John Carter
No financial training whatsoever

Posted by John Pollard on September 12, 2009, 10:26 am

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John Carter wrote:

> Quicken 2008 Deluxe, Win XP Pro SP3

> I am trying to ADD another Investing account to my current list. This

> account is at the same company where all the EXISTING other accounts

> are. (American Funds)

> I select the financial institute, indicate I want Quicken to track

> this accout, and when I entermy Id and Password, Quicken connects to

> the funds site and shows me a list of fund numbers and account

> numbers (in this format: fund no,Am Funds Account #) and then a pull

> down list to the right of each of the list items found at the site. I

> then have to add a Quicken name to each of the funds, or select some

> other option in the pull-down list. I found the fund number and

> account number I want to add and pull down the list , then enter the

> Quicken account name. My question: Why do I have to do this to ALL

> the accounts, even though they already exist in my Quicken account

> list? I tried naming only the one I want to add, but Quicken will not

> proceed. The EXISTING accounts have been there for 3 years and I get

> downloads for them.

> To me, it seems as if Quicken is trying to ADD ALL the accounts, when

> I only want to ADD the new one. I don't want to proceed for fear that

> I might destroy the existing accounts.

Why do you think Quicken wants to "add" a new account when it is giving
you the opportunity to tell it that there is an existing Quicken account
for the real-world account?

Make a backup of your data; then complete the account setup, telling
Quicken which real-world accounts match existing Quicken accounts, and
which real-world accounts are new to Quicken. If you don't like the
results, just revert to the backup.

--

John Pollard