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Subject Author Date
Placeholders in Quicken 2007 Premier Ron 08-20-2007
Posted by Bob Wang on August 21, 2007, 11:59 am
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 Ron:

See John's reply for a more detailed discussion.
The way I handle my Fidelity core accounts is to treat Cash Reserves as
CASH, and delete any transactions that buy or sell Cash Reserves.
I also have the "Show cash in a checking account" checked, so I can tell at
a glance what my cash position is.

Bob

>>>
Last month I set up a new account at Fidelity. I rolled my Fidelity
401(k) into this account.

When Fidelity records a sale. The funds go into the "Core Account used
for trade settlement". This is Fidelity Cash Reserves Fund. Fidelity
transaction download does not include a buy of Fidelity Cash Reserves
Fund. So Quicken adds cash to the account. Which means the I have a
Fidelity Cash Reserve Fund share balance.

Quicken adds a Placeholder for this. When I enter a Buy of Fidelity
Cash Reserves Fund, Quicken will not remove the cash from the cash
balance. Therefore my shares are correct, but my cash is off because of
the Placeholder.

Since Quicken added Placeholder several years ago, this has be a
constant battle to keep the balances matching the statements.

Anyone have a solution? I could quit using quicken or I could quit
using Fidelity. If I can't get the problem resolved easily, I will take
one of the 2 approaches.

Ron Spruell



Posted by Ron on August 28, 2007, 9:55 pm
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 Bob Wang wrote:
> The way I handle my Fidelity core accounts is to treat Cash Reserves as
> CASH, and delete any transactions that buy or sell Cash Reserves.
> I also have the "Show cash in a checking account" checked, so I can tell at
> a glance what my cash position is. > Ron:
>
> See John's reply for a more detailed discussion.

>
> Bob
>
That would not work for me. I separate my cash in banks from cash in
investments. (It is an IRA.) Also if cash moves back and forth between
cash and investments, it makes it hard for me to track. I have 4
investment accounts that can have cash. In investment reports, Quicken
just shows cash . . . as cash. I have to search for the account that
has the cash and remove it so I can see what is going on.

Ron Spruell

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