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Subject Author Date
Adjusting an Investment Account Balance jaygreg 04-25-2008
Posted by jaygreg on April 25, 2008, 10:53 am
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 I've just started exploring Q2008HB that I installed yesterday. The
conversion of my data file caused me to look at a few things I've apparently
ignored in Q2005HB. For example, I created an Investment account years ago
when I belonged to a stock club. Into that account I would place my monthly
dues; I simply wanted a ballpark figure of what that activity was costing me
over time. Each year I'd get my Schedule K-1 from the Treasurer of the Club
and put the figures where TurboTax called for them. No adjustments were made
to that Investment account and nothing was linked to a tax line.



When the club dissolved, I took the check it gave me and posted it to that
account with a transfer of the funds to my bank. A small balance remained;
about forty bucks. (The outfit was principally for education as you can
surmise from the profit.)



Now that forty bucks is staring me in the face and want to retire (hide)
that account since it'll never be used again. My solution - since Uncle Sam
is clear and my cash accounts are in balance - is to simply find an enter
that doesn't travel to a tax line and zero out the account. Since the only
options I have are from the popup list, the one I was thinking of using (but
have never used) is the "Reminder Transaction". But I don't know if that
will permit a entry for an amount that would zero out the account.



I'm open to suggestions. I realize the proper way to have done this would
probably have been to post some of the figures from those Sch K-1's to the
Investment account over the years but what's done is done and the amounts
were a pittance so. how do I square away the measly forty bucks?



Posted by John Pollard on April 25, 2008, 5:05 pm
Please log in for more thread options
 jaygreg wrote:
> I've just started exploring Q2008HB that I installed
> yesterday. The
> conversion of my data file caused me to look at a few things
> I've
> apparently ignored in Q2005HB. For example, I created an
> Investment
> account years ago when I belonged to a stock club. Into that
> account
> I would place my monthly dues; I simply wanted a ballpark
> figure of
> what that activity was costing me over time. Each year I'd get
> my
> Schedule K-1 from the Treasurer of the Club and put the
> figures where
> TurboTax called for them. No adjustments were made to that
> Investment
> account and nothing was linked to a tax line.
> When the club dissolved, I took the check it gave me and
> posted it to
> that account with a transfer of the funds to my bank. A small
> balance
> remained; about forty bucks. (The outfit was principally for
> education as you can surmise from the profit.)
>
> Now that forty bucks is staring me in the face and want to
> retire
> (hide) that account since it'll never be used again. My
> solution -
> since Uncle Sam is clear and my cash accounts are in balance -
> is to
> simply find an enter that doesn't travel to a tax line and
> zero out
> the account. Since the only options I have are from the popup
> list,
> the one I was thinking of using (but have never used) is the
> "Reminder Transaction". But I don't know if that will permit a
> entry
> for an amount that would zero out the account.

A reminder transaction will not have any affect on the balance
in the account.

> I'm open to suggestions. I realize the proper way to have done
> this
> would probably have been to post some of the figures from
> those Sch
> K-1's to the Investment account over the years but what's done
> is
> done and the amounts were a pittance so. how do I square away
> the
> measly forty bucks?

If I understand you correctly, you just have $40 cash sitting in
the Quicken investment account; no securities are owned in that
account.

You can use a "Cash transferred out of Account" transaction to
zero the cash balance. In the "Transfer account" field of the
transaction, put the name of the account where you are entering
the transaction ... the account whose cash balance you want to
zero out.

--

John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup



Posted by Oilcan on April 26, 2008, 12:38 pm
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I would probably treat it as a miscellaneous expense - something called
Investment Fees

-----Original Message-----
From: jaygreg [mailto:jaygreg90@hotmail.com]
Posted At: Friday, April 25, 2008 7:53 AM
Posted To: alt.comp.software.financial.quicken
Conversation: Adjusting an Investment Account Balance
Subject: Adjusting an Investment Account Balance

I've just started exploring Q2008HB that I installed yesterday. The
conversion of my data file caused me to look at a few things I've
apparently
ignored in Q2005HB. For example, I created an Investment account years
ago
when I belonged to a stock club. Into that account I would place my
monthly
dues; I simply wanted a ballpark figure of what that activity was
costing me
over time. Each year I'd get my Schedule K-1 from the Treasurer of the
Club
and put the figures where TurboTax called for them. No adjustments were
made
to that Investment account and nothing was linked to a tax line.



When the club dissolved, I took the check it gave me and posted it to
that
account with a transfer of the funds to my bank. A small balance
remained;
about forty bucks. (The outfit was principally for education as you can
surmise from the profit.)



Now that forty bucks is staring me in the face and want to retire (hide)

that account since it'll never be used again. My solution - since Uncle
Sam
is clear and my cash accounts are in balance - is to simply find an
enter
that doesn't travel to a tax line and zero out the account. Since the
only
options I have are from the popup list, the one I was thinking of using
(but
have never used) is the "Reminder Transaction". But I don't know if that

will permit a entry for an amount that would zero out the account.



I'm open to suggestions. I realize the proper way to have done this
would
probably have been to post some of the figures from those Sch K-1's to
the
Investment account over the years but what's done is done and the
amounts
were a pittance so. how do I square away the measly forty bucks?



Posted by jaygreg on April 26, 2008, 5:35 pm
Please log in for more thread options
I think I mislead you. I have a negative balance in that Investing account.
The check I received from the club exceeded the amount of my monthly
contributions by $40. So I used a "Cash Transfer In" from the same account
and zero'd it out. Ending Balance in my Accounts summary to the left of the
screen increased by that amount but then... it should have. I has been
understated since I received the check from the club. I assume this is
correct... right?

Thanks for the help.

>I would probably treat it as a miscellaneous expense - something called
> Investment Fees
>
> -----Original Message-----
> From: jaygreg [mailto:jaygreg90@hotmail.com]
> Posted At: Friday, April 25, 2008 7:53 AM
> Posted To: alt.comp.software.financial.quicken
> Conversation: Adjusting an Investment Account Balance
> Subject: Adjusting an Investment Account Balance
>
> I've just started exploring Q2008HB that I installed yesterday. The
> conversion of my data file caused me to look at a few things I've
> apparently
> ignored in Q2005HB. For example, I created an Investment account years
> ago
> when I belonged to a stock club. Into that account I would place my
> monthly
> dues; I simply wanted a ballpark figure of what that activity was
> costing me
> over time. Each year I'd get my Schedule K-1 from the Treasurer of the
> Club
> and put the figures where TurboTax called for them. No adjustments were
> made
> to that Investment account and nothing was linked to a tax line.
>
>
>
> When the club dissolved, I took the check it gave me and posted it to
> that
> account with a transfer of the funds to my bank. A small balance
> remained;
> about forty bucks. (The outfit was principally for education as you can
> surmise from the profit.)
>
>
>
> Now that forty bucks is staring me in the face and want to retire (hide)
>
> that account since it'll never be used again. My solution - since Uncle
> Sam
> is clear and my cash accounts are in balance - is to simply find an
> enter
> that doesn't travel to a tax line and zero out the account. Since the
> only
> options I have are from the popup list, the one I was thinking of using
> (but
> have never used) is the "Reminder Transaction". But I don't know if that
>
> will permit a entry for an amount that would zero out the account.
>
>
>
> I'm open to suggestions. I realize the proper way to have done this
> would
> probably have been to post some of the figures from those Sch K-1's to
> the
> Investment account over the years but what's done is done and the
> amounts
> were a pittance so. how do I square away the measly forty bucks?
>
>



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