|
Posted by Hank Mack on October 13, 2008, 8:45 am
Please log in for more thread options
John Pollard wrote:
> Hank Mack wrote:
>> John Pollard wrote:
>>> Hank Mack wrote:
>>>> I have a linked cash account with my broker. I need to
>>>> adjust
>>>> the
>>>> cash balance. Help menu says go to the account which I
>>>> assume is the
>>>> investment account, >enter transactions> update cash
>>>> balance.
>>>> I do
>>>> not see in the drop down menu that option. What am I
>>>> missing?
>>> I assume you have setup your Quicken investment account with
>>> a
>>> linked Quicken cash account.
>>>
>>> First: The "Update cash balance" option for investment
>>> accounts
>>> is not itself a transaction type: it's a menu choice. It is
>>> found in Investing > Investing Activities > Update Cash
>>> Balance.
>>> Completing that menu choice for an investment account will
>>> generate a MiscExp transaction for the account ... which you
>>> could do directly without using the Update Cash Balance
>>> option.
>>>
>>> But ...
>>>
>>> Second: You can not use "Update Cash Balance" in a Quicken
>>> investment account with a linked cash account, because that
>>> investment account can never have a cash balance. Whatever
>>> adjusting you do needs to be done in the Quicken linked cash
>>> account.
>>>
>>> [Technically, you could enter a MiscExp (which would
>>> automatically become a MiscExpX) in the investment account.
>>> But
>>> that would still adjust the cash balance in the linked cash
>>> account.]
>>>
>> Can I just put in a misc adjustment directly in the cash
>> account
>> without effecting the investment account?
>
> No offense intended, but I think you are misunderstanding what
> is happening.
>
> Yes, you can enter a transaction in the linked cash account and
> it will not "appear" in the investment account. But it will
> affect the cash balance that Quicken associates to the
> investment account. Presumably that is what you want to happen;
> presumably that is what happened in the real world.
>
> Quicken's "linked cash account" was (I believe) intended to
> handle a situation that was occurring in the real world that
> Quicken could not, otherwise, have easily handled: namely,
> writing checks from investment accounts. I think it is a sort
> of "gimmick" to allow users to enter "checking account type
> transactions" whose impact would ultimately fall on the
> associated investment account.
>
> Newer versions of Quicken allow you to write checks, and make
> other "bank account" type transactions directly in your Quicken
> investment accounts ... without the need for a "linked cash
> account". A much better approach, in my opinion.
>
> If that does not describe what happened in your real world, you
> would need to supply more information.
>
Thank you. So I guess it would be better to unlink the accounts and
then and then debit or credit investment cash events in the cash account
as they occure,
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap