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Posted by Dick on January 22, 2007, 3:03 pm
Please log in for more thread options RC,
The account is not set up as a Single Mutual Fun. If I try to change
it to a Single Mutual Fund now it tell me This account has or has had a cash
balance. It cannot be made "Single Mutual Fund".
Dick
> Hi, Dick.
>
> When you set up this Vanguard Account, did you check the Single Mutual
> Fund button? The explanation under that line says, "...and there is no
> cash balance."
>
> I've never used this type of account, but I see John Pollard explaining it
> often here.
>
> RC
> --
> R. C. White, CPA
> San Marcos, TX
> (Retired. No longer licensed to practice public accounting.)
> rc@grandecom.net
> Microsoft Windows MVP
> (Currently running Vista Ultimate x64)
>
>> RC
>> I using Q07 and have tried to reenter the Buy transaction again to
>> verify that the "Use cash from this account is checked . I checked it and
>> then entered the fund name and number of shares when I tabbed to the cost
>> per share the box with the Use cash from this account disappeared. The
>> transaction that I used is " Buy-Shares bought"
>> Looks like I will have to adjust the cash balance manually to correct the
>> problem. I don't like to do things like this not knowing why it didn't do
>> it automatically. If I can figure out how to take a snap shot of the
>> screen I'll upload it here.
>> Thanks for you help.
>> Dick
>>
>>
>>> Hi, Dick.
>>>
>>> Which version of Quicken? Some things change from year to year, or
>>> between Basic and Deluxe, for example, so always let us know which
>>> version you are asking about.
>>>
>>> In Q07, in your Buy transaction, be sure to check the box to "Use
>>> cash...From this account..." That should reduce the cash balance while
>>> increasing the shares.
>>>
>>> In earlier Quickens, we could choose between the Buy and BuyX
>>> transaction types. Perhaps you chose BuyX, which transfers in cash from
>>> another account.
>>>
>>> RC
>>>
>>>>I transferred in $10 k from a savings account into a Vanguard MM
>>>>account. The transfer appeared in the Vanguard account as a Xin and the
>>>>cash balance showed 10 k. I then did a buy shares 10k at $1 per which
>>>>shows properly, but the cash balance did not get reduced by the 10k buy.
>>>>The account now shows that it has 20 k in it. What am I doing wrong???
>
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