Miscellaneous Brokerage Expense not flowing as expected

Posted by Bernie on October 5, 2007, 2:31 am

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I've entered a MiscExp in a Brokerage account to account for a fee. The
Brokerage account has an Associated Cash Account. I expected the fee to
flow to the Cash account, just like any other cash transaction that
occurs in the Brokerage account. But it didn't!

The fee does not show up as a withdrawal from any account! It is as if
it had no impact. (As a work around I have recorded the fee in the Cash
Account as a simple withdrawal,( The MiscExp transaction type appears
to not be working correctly since it has no impact all. I ahve reported
it as a bug to Intuit.

I'm using QW2007 Premier.
Bernie

Posted by John Pollard on October 5, 2007, 10:06 am

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Bernie wrote:

> I've entered a MiscExp in a Brokerage account to account for a

> fee. The Brokerage account has an Associated Cash Account. I

> expected the

> fee to flow to the Cash account, just like any other cash

> transaction

> that occurs in the Brokerage account. But it didn't!

> The fee does not show up as a withdrawal from any account! It

> is as

> if it had no impact. (As a work around I have recorded the

> fee in

> the Cash Account as a simple withdrawal,( The MiscExp

> transaction

> type appears to not be working correctly since it has no

> impact all. I ahve reported it as a bug to Intuit.

> I'm using QW2007 Premier.

I was unable to replicate the behavior you describe.

Are there some other interesting characteristics of the
transaction or the accounts?

Does the MiscExp transaction show with an Action value of
"MiscExpX"? Does the "Transfer account" correctly display as
the cash account? And the Description field says "Transfered
$nn.nn"?

Was the investment account converted from a previous version?
Linked in the previous version?

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

Posted by Bernie on October 5, 2007, 4:30 pm

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On 10/5/2007 9:06 AM, John Pollard wrote:

> Bernie wrote:

>> I've entered a MiscExp in a Brokerage account to account for a

>> fee. The Brokerage account has an Associated Cash Account. I

>> expected the

>> fee to flow to the Cash account, just like any other cash

>> transaction

>> that occurs in the Brokerage account. But it didn't!

>> The fee does not show up as a withdrawal from any account! It

>> is as

>> if it had no impact. (As a work around I have recorded the

>> fee in

>> the Cash Account as a simple withdrawal,( The MiscExp

>> transaction

>> type appears to not be working correctly since it has no

>> impact all. I ahve reported it as a bug to Intuit.

>> I'm using QW2007 Premier.

> I was unable to replicate the behavior you describe.

> Are there some other interesting characteristics of the

> transaction or the accounts?

> Does the MiscExp transaction show with an Action value of

> "MiscExpX"? Does the "Transfer account" correctly display as

> the cash account? And the Description field says "Transfered

> $nn.nn"?

> Was the investment account converted from a previous version?

> Linked in the previous version?

Thanks for responding John. When you tried it, did you get the result
that I expected?

I've used Quicken for years, so yes, this account has moved forward from
version to version. All other transactions between the Brokerage
account and the Associated Cash Account do work correctly (dividends,
sales, purchases, buyouts). This is the first time I've ever had to
record a fee.

To enter the transaction in the Brokerage account I choose MiscExpX and
fill in the blanks in the popup window, inputting $25 for the amount and
a category. The transaction gets recorded in the Brokerage account with
the transaction type showing MiscExp (no X). The Inv Amt column in the
register shows blank. Nothing is recorded in the associated cash account.

Bernie

Posted by John Pollard on October 5, 2007, 5:47 pm

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Bernie wrote:

> On 10/5/2007 9:06 AM, John Pollard wrote:

>> Bernie wrote:

>>> I've entered a MiscExp in a Brokerage account to account for

>>> a

>>> fee. The Brokerage account has an Associated Cash Account.

>>> I

>>> expected the

>>> fee to flow to the Cash account, just like any other cash

>>> transaction

>>> that occurs in the Brokerage account. But it didn't!

>>>

>>> The fee does not show up as a withdrawal from any account!

>>> It

>>> is as

>>> if it had no impact. (As a work around I have recorded the

>>> fee in

>>> the Cash Account as a simple withdrawal,( The MiscExp

>>> transaction

>>> type appears to not be working correctly since it has no

>>> impact all. I ahve reported it as a bug to Intuit.

>>>

>>> I'm using QW2007 Premier.

>> I was unable to replicate the behavior you describe.

>> Are there some other interesting characteristics of the

>> transaction or the accounts?

>> Does the MiscExp transaction show with an Action value of

>> "MiscExpX"? Does the "Transfer account" correctly display as

>> the cash account? And the Description field says "Transfered

>> $nn.nn"?

>> Was the investment account converted from a previous version?

>> Linked in the previous version?

> Thanks for responding John.

> When you tried it, did you get the result that I expected?

Yes, the MiscExpX amount was "transferred" to the linked cash
account.

> I've used Quicken for years, so yes, this account has moved

> forward

> from version to version. All other transactions between the

> Brokerage

> account and the Associated Cash Account do work correctly

> (dividends,

> sales, purchases, buyouts). This is the first time I've ever

> had to

> record a fee.

> To enter the transaction in the Brokerage account

> I choose MiscExpX

Ah ha; this turns out to be important; who'd a thunk it.

When I entered my MiscExp transaction, I started with the "Enter
Transactions" button, and selected "Miscellaneous Expense" in
the "Enter transaction" drop down.

> and fill in the blanks in the popup window, inputting $25 for

> the

> amount and a category.

> The transaction gets recorded in the

> Brokerage account with the transaction type showing MiscExp

> (no X). The Inv Amt column in the register shows blank.

> Nothing is recorded

> in the associated cash account.

When I select "MiscExpX" in the "Action" drop down, then
double-click the transaction to get the form, and finish the
transaction ... I get the same result you got.

So I agree, you did indeed find a bug; fortunately, the
workaround is fairly simple: use the "Enter Transactions"
button.

I'll try to check in Q2008 later tonight to see if it is still
there (I'm guessing it is as I don't recall it being reported
before.)

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

Posted by Bernie on October 6, 2007, 3:09 pm

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On 10/5/2007 4:47 PM, John Pollard wrote:

> Bernie wrote:

>> On 10/5/2007 9:06 AM, John Pollard wrote:

>>> Bernie wrote:

>>>> I've entered a MiscExp in a Brokerage account to account for

>>>> a

>>>> fee. The Brokerage account has an Associated Cash Account.

>>>> I

>>>> expected the

>>>> fee to flow to the Cash account, just like any other cash

>>>> transaction

>>>> that occurs in the Brokerage account. But it didn't!

>>>>

>>>> The fee does not show up as a withdrawal from any account!

>>>> It

>>>> is as

>>>> if it had no impact. (As a work around I have recorded the

>>>> fee in

>>>> the Cash Account as a simple withdrawal,( The MiscExp

>>>> transaction

>>>> type appears to not be working correctly since it has no

>>>> impact all. I ahve reported it as a bug to Intuit.

>>>>

>>>> I'm using QW2007 Premier.

>>> I was unable to replicate the behavior you describe.

>>>

>>> Are there some other interesting characteristics of the

>>> transaction or the accounts?

>>>

>>> Does the MiscExp transaction show with an Action value of

>>> "MiscExpX"? Does the "Transfer account" correctly display as

>>> the cash account? And the Description field says "Transfered

>>> $nn.nn"?

>>>

>>> Was the investment account converted from a previous version?

>>> Linked in the previous version?

>>>

>> Thanks for responding John.

>> When you tried it, did you get the result that I expected?

> Yes, the MiscExpX amount was "transferred" to the linked cash

> account.

>> I've used Quicken for years, so yes, this account has moved

>> forward

>> from version to version. All other transactions between the

>> Brokerage

>> account and the Associated Cash Account do work correctly

>> (dividends,

>> sales, purchases, buyouts). This is the first time I've ever

>> had to

>> record a fee.

>> To enter the transaction in the Brokerage account

>> I choose MiscExpX

> Ah ha; this turns out to be important; who'd a thunk it.

> When I entered my MiscExp transaction, I started with the "Enter

> Transactions" button, and selected "Miscellaneous Expense" in

> the "Enter transaction" drop down.

>> and fill in the blanks in the popup window, inputting $25 for

>> the

>> amount and a category.

>> The transaction gets recorded in the

>> Brokerage account with the transaction type showing MiscExp

>> (no X). The Inv Amt column in the register shows blank.

>> Nothing is recorded

>> in the associated cash account.

> When I select "MiscExpX" in the "Action" drop down, then

> double-click the transaction to get the form, and finish the

> transaction ... I get the same result you got.

> So I agree, you did indeed find a bug; fortunately, the

> workaround is fairly simple: use the "Enter Transactions"

> button.

> I'll try to check in Q2008 later tonight to see if it is still

> there (I'm guessing it is as I don't recall it being reported

> before.)

Yup! Who'd a thunk! Thanks for your help.

I've updated the bug report.
Bernie