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Posted by MikeB on April 12, 2006, 11:19 am
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user_google@hotmail.com wrote:
> I just opened two investment accounts. Downloaded quiken data from the
> their website and it showed up correctly in the quiken. I used my
> checking account to open the investment accounts. I did this online so
> no checks issued. The transaction appeared in my checking account when
> i downloaded statement. The payee was blank. So i selected Transfer to
> my new investment account. This created another entry in my investment
> account. My balances now show up fine after several attempts of
> editing/deleting the entries both in investment and checking. But my
> "TRANSFERS" section in my monthly income/expense shows this amount in
> negative. Not sure what made this to appear.
>
> I am fine recreating the investment account from scratch. But not sure
> what are the steps involved so that the entries are correctly
> reconciled. Any help is greatly appreciated.
>
either of the following should work.
A. Show a transfer of the opening cash from the checking account to the
investment account. Show a Buy for the amount transferred and the
number of units purchased. Resulting cash balance should be zero.
B. Show a BoughtX (Buy with the cash coming from another account). Same
net effect.
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