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Posted by R. C. White on February 12, 2007, 3:32 pm
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Hi, John.
> You can schedule investment account transactions by setting up a
> "Group" Scheduled Transaction, which can include one, or more,
> memorized investment account transactions.
Perhaps the situation has improved in recent versions of Quicken, but when I
used the "Group Scheduled Transaction" method several years ago, it turned
out to be more work - and more confusion - than the two-part method I've
been using.
I will have to enter all the future compounding transactions some day
anyhow, so I just take some time now and do them all at once. I can see all
the future dates in the Register, below the blue line indicating the current
date. And each month, that line moves down a notch and the interest income
gets recorded with no further action from me, unless a correction is needed
at year-end.
Until Intuit sees fit to fix this...
RC
--
R. C. White, CPA
San Marcos, TX
(Retired. No longer licensed to practice public accounting.)
rc@grandecom.net
Microsoft Windows MVP
(Currently running Vista Ultimate x64)
> R. C. White wrote:
>
> < snip >
>
>> Interest received by check must be recorded each time;
>> there is no way to schedule entries in Investment
>> Accounts. You can schedule them in a cash account
>> (Checking or Undeposited Checks, for example), but such
>> income does not get tied to the CD in the Security View
>> for the CD.
>
> You can schedule investment account transactions by setting up a
> "Group" Scheduled Transaction, which can include one, or more,
> memorized investment account transactions.
>
> If your CD interest was the same each time, the Quicken
> Scheduled Group transaction should be able to handle the
> recording of interest (tied to the specific CD) and the
> transferring of the proceeds to your checking account (an
> IntIncX transaction) ... without any further manual effort.
>
> For the compounding situation, I assume the amount would not be
> the same each time, so the Quicken Group Scheduled transaction
> would not be all that was required; one would have to modify the
> amount in the investment account after the scheduled transaction
> was recorded.
>
> Never having been in that situation, I can't say which I would
> prefer: manually entering all the interests transactions from
> scratch; or letting Quicken enter them as they occurred in the
> real-world, and having to modify their amount. But I think the
> option exists.
>
> --
> John Pollard
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