Transfers between accounts

Posted by Doc Rock on October 7, 2007, 3:42 pm

Please log in for more thread options

My wife, using Q07, has transferred money from her cash account to her
brokerage account. The transaction appears as "[Tx to Etrade]" in the
cash account, and "[Checking]" in the Etrade account.
However, when doing a report the transfer shows up as INCOME!! This
doesn't seem right. What are we doing wrong here?

TIA

Steve

Posted by Andrew DeFaria on October 7, 2007, 5:22 pm

Please log in for more thread options

This is a multi-part message in MIME format.
--------------030604030909010407020601
Content-Type: text/plain; charset=ISO-8859-1; format=flowed
Content-Transfer-Encoding: 7bit

Doc Rock wrote:

> My wife, using Q07, has transferred money from her cash account to her

> brokerage account. The transaction appears as "[Tx to Etrade]" in the

> cash account, and "[Checking]" in the Etrade account. However, when

> doing a report the transfer shows up as INCOME!! This doesn't seem

> right. What are we doing wrong here?

You are making the invalid assumption that your brokerage is downloading
transactions in a Quicken friendly manner. This is rarely the case. You
need to speak to them about this.
--
Andrew DeFaria <http://defaria.com>
What would a chair look like if your knees bent the other way.

--------------030604030909010407020601
Content-Type: text/html; charset=ISO-8859-1
Content-Transfer-Encoding: 7bit

<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN">
<html>
<head>
<meta content="text/html;charset=ISO-8859-1" http-equiv="Content-Type">
<title></title>
</head>
<body bgcolor="#ffffff" text="#000000">
Doc Rock wrote:
<blockquote cite="mid:I5idnQxsFIbKqpTanZ2dnUVZ_qqgnZ2d@comcast.com"
type="cite">My wife, using Q07, has transferred money from her cash
account to her brokerage account.  The transaction appears as "[Tx to
Etrade]" in the cash account, and "[Checking]" in the Etrade account.
However, when doing a report the transfer shows up as INCOME!!  This
doesn't seem right.  What are we doing wrong here?
<br>
</blockquote>
You are making the invalid assumption that your brokerage is
downloading transactions in a Quicken friendly manner. This is rarely
the case. You need to speak to them about this.<br>
<div class="moz-signature">-- <br>
<a href="http://defaria.com">Andrew DeFaria</a><br>
<small><font color="#999999">What would a chair look like if your knees
bent the other way.</font></small>
</div>
</body>
</html>

--------------030604030909010407020601--

Posted by Doc Rock on October 7, 2007, 11:35 pm

Please log in for more thread options

I am not downloading anything here. It is purely manual entries into
Quicken. If I have a cash account and a brokerage account, and I move
money from one to the other, it shouldn't be counted as income, should it???

Andrew DeFaria wrote:

> Doc Rock wrote:

>> My wife, using Q07, has transferred money from her cash account to her

>> brokerage account. The transaction appears as "[Tx to Etrade]" in the

>> cash account, and "[Checking]" in the Etrade account. However, when

>> doing a report the transfer shows up as INCOME!! This doesn't seem

>> right. What are we doing wrong here?

> You are making the invalid assumption that your brokerage is downloading

> transactions in a Quicken friendly manner. This is rarely the case. You

> need to speak to them about this.

> --

> Andrew DeFaria <http://defaria.com>

> What would a chair look like if your knees bent the other way.

Posted by Andrew DeFaria on October 8, 2007, 11:03 am

Please log in for more thread options

This is a multi-part message in MIME format.
--------------070607030509040704090005
Content-Type: text/plain; charset=ISO-8859-1; format=flowed
Content-Transfer-Encoding: 7bit

Doc Rock wrote:

> I am not downloading anything here. It is purely manual entries into

> Quicken.

Sorry, I was thinking something else.

> If I have a cash account and a brokerage account, and I move money

> from one to the other, it shouldn't be counted as income, should it???

That depends on how you look at it. From the sending side it's an
expense. From the receiving side it's income. Doesn't that make sense?
--
Andrew DeFaria <http://defaria.com>
Just for today, I will not sit in my living room all day in my
underwear. Instead, I will move my computer into the bedroom.

--------------070607030509040704090005
Content-Type: text/html; charset=ISO-8859-1
Content-Transfer-Encoding: 7bit

<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN">
<html>
<head>
<meta content="text/html;charset=ISO-8859-1" http-equiv="Content-Type">
<title></title>
</head>
<body bgcolor="#ffffff" text="#000000">
Doc Rock wrote:
<blockquote cite="mid:Hp-dnWEV18CyO5TanZ2dnUVZ_t7inZ2d@comcast.com"
type="cite">I am not downloading anything here.  It is purely manual
entries into Quicken.</blockquote>
Sorry, I was thinking something else.<br>
<blockquote cite="mid:Hp-dnWEV18CyO5TanZ2dnUVZ_t7inZ2d@comcast.com"
type="cite">If I have a cash account and a brokerage account, and I
move money from one to the other, it shouldn't be counted as income,
should it???
<br>
</blockquote>
That depends on how you look at it. From the sending side it's an
expense. From the receiving side it's income. Doesn't that make sense?<br>
-- <br>
<a moz-do-not-send="true" href="http://defaria.com">Andrew DeFaria</a><br>
<small><font color="#999999">Just for today, I will not sit in my
living room all day in my underwear. Instead, I will move my computer
into the bedroom.</font></small>
</body>
</html>

--------------070607030509040704090005--

Posted by sharx35 on October 8, 2007, 8:16 pm

Please log in for more thread options

: quoted-printable

Yet another reason why I shun automatic updating using downloaded data.=20
Doc Rock wrote:=20
My wife, using Q07, has transferred money from her cash account to =
her brokerage account. The transaction appears as "[Tx to Etrade]" in =
the cash account, and "[Checking]" in the Etrade account. However, when =
doing a report the transfer shows up as INCOME!! This doesn't seem =
right. What are we doing wrong here?=20

You are making the invalid assumption that your brokerage is =
downloading transactions in a Quicken friendly manner. This is rarely =
the case. You need to speak to them about this.

--=20
Andrew DeFaria
What would a chair look like if your knees bent the other way.
------=_NextPart_000_0134_01C809D7.5D000480
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE></TITLE>
<META http-equiv=3DContent-Type =
content=3Dtext/html;charset=3DISO-8859-1>
<META content=3D"MSHTML 6.00.6000.16525" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY text=3D#000000 bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>Yet another reason why I shun automatic =
updating=20
using downloaded data. </FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV>"Andrew DeFaria" <<A=20
message=20
<A=20
=
303$815e3792@news.qwest.net</A>...</DIV>Doc=20
Rock wrote:=20
<BLOCKQUOTE cite=3Dmid:I5idnQxsFIbKqpTanZ2dnUVZ_qqgnZ2d@comcast.com=20
type=3D"cite">My wife, using Q07, has transferred money from her =
cash account=20
to her brokerage account.  The transaction appears as "[Tx to =
Etrade]"=20
in the cash account, and "[Checking]" in the Etrade account. =
However, when=20
doing a report the transfer shows up as INCOME!!  This doesn't =
seem=20
right.  What are we doing wrong here? <BR></BLOCKQUOTE>You are =
making the=20
invalid assumption that your brokerage is downloading transactions in =
a=20
Quicken friendly manner. This is rarely the case. You need to speak to =
them=20
about this.<BR>
<DIV class=3Dmoz-signature>-- <BR><A =
href=3D"http://defaria.com">Andrew=20
DeFaria</A><BR><SMALL><FONT color=3D#999999>What would a chair look =
like if your=20
knees bent the other way.</FONT></SMALL> =
</DIV></BLOCKQUOTE></BODY></HTML>

------=