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Posted by John Pollard on May 7, 2006, 11:13 am
Please log in for more thread options ap wrote:
> John thx for the rapid reply & insight on handling of cash &
> mm.
> What's irrating is the cash & mm amounts are out of balance
> when I
> reconcile & a lot of placeholder transactions are created.
You don't have to accept the placeholders.
> Sounds
> like 2 options to deal w/this issue
>
> 1. Manually enter buys & sells to represent movement between
> cash & mm
> account
This seems more "correct".
> 2. Sum cash + mm manually to check total holdings.
This seems easier.
> To clarify my origianl ques, is there a way to designate a
> certain
> securtity (ie MM) in Quicken as the cash representation? I was
> able to
> do this 1X, but have not been able to repeat the process.
I have not done this myself, but from what I have read:*if* the
fi offers the option, yes, you can tell Quicken that mm fund
transactions/holdings are to be treated as Quicken cash. I
think you only get the option if the fi offers it and only at
the time you initially setup downloads with that fi (possibly
Deactivating and Reactivating would produce the offer again).
> Also, do you recommend using a linked checking account to
> track
> cash in investement accounts?
There is a lot of personal preference in these sort of options:
my preference is to keep the transactions in the investment
account. With the advent of "Cash Transactions" (Deposit,
Withdraw, Write Check, etc.) in investment accounts (Q2003? ...
definitely in Q2004), I can't think of a reason to have a linked
cash account anymore.
--
John Pollard
First initial underscore Last name at mchsi dot com
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