Managing a Bond Ladder in Quicken 2009

Posted by M C Hamster on August 20, 2009, 4:09 pm

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I own a bond ladder, funded with a cash / sweep account. I know how
to record new bond purchases, and automatically deduct the purchase
costs from the cash account.

The cash account (which is held in a money market account) earns
interest each month. I haven't been able to figure out how to tell
Quicken to add that money to my cash account. Does anyone here know
how I can do that? Thanks.

Posted by M C Hamster on August 20, 2009, 4:14 pm

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On 20 Aug 2009 15:09:01 -0500, M C Hamster

>I own a bond ladder, funded with a cash / sweep account. I know how

>to record new bond purchases, and automatically deduct the purchase

>costs from the cash account.

>The cash account (which is held in a money market account) earns

>interest each month. I haven't been able to figure out how to tell

>Quicken to add that money to my cash account. Does anyone here know

>how I can do that? Thanks.

To be clear, I am doing all these entries manually, not via direct
transactions with the brokerage. I just wondered how to enter the
earned money market interest into my bond ladder's Quicken account.

Posted by M C Hamster on August 20, 2009, 9:07 pm

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On 20 Aug 2009 15:14:01 -0500, M C Hamster

>On 20 Aug 2009 15:09:01 -0500, M C Hamster

>>I own a bond ladder, funded with a cash / sweep account. I know how

>>to record new bond purchases, and automatically deduct the purchase

>>costs from the cash account.

>>The cash account (which is held in a money market account) earns

>>interest each month. I haven't been able to figure out how to tell

>>Quicken to add that money to my cash account. Does anyone here know

>>how I can do that? Thanks.

>To be clear, I am doing all these entries manually, not via direct

>transactions with the brokerage. I just wondered how to enter the

>earned money market interest into my bond ladder's Quicken account.

I found a workaround. On some screen regarding the cash account, it
had a button saying something like "Set your cash account as a
checking account". I did that, and it moved it up to the Banking
area, but is linked to my Bond Ladder account.

So, when I buy a new bond, it automatically deducts the cost from this
new "checking account" (which in reality is a money market account,
though). And I can add the interest earned from the MM account (and
from the bonds themselves) into this account just as a new deposit. It
probably causes some problems doing it this way, but at least the
totals are right.