What action to transfer cash to non-quicken account

Posted by bhata on February 8, 2009, 7:22 pm

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I have a Vanguard account where I have the dividend automatically
transferred to an account that I don't maintain in Quicken.

I was hoping I could do this in a single action by using
the DivX action but this requires an Quicken account. Do I have
to use two actions, a Div and a Withdraw?

I'm running Quicken 2008 Deluxe.

Posted by vcardx on February 8, 2009, 9:17 pm

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For these transfers, you could use a "dummy chequing" account, which you
would probably want to hide and not have included in any totals.

vcardx

:I have a Vanguard account where I have the dividend automatically
: transferred to an account that I don't maintain in Quicken.
:
: I was hoping I could do this in a single action by using
: the DivX action but this requires an Quicken account. Do I have
: to use two actions, a Div and a Withdraw?
:
: I'm running Quicken 2008 Deluxe.
:

Posted by bhata on February 8, 2009, 10:11 pm

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Thanks for the suggestion....

'vcardx' wrote on 2/8/2009 6:17 PM:

> For these transfers, you could use a "dummy chequing" account, which you

> would probably want to hide and not have included in any totals.

> vcardx

> :I have a Vanguard account where I have the dividend automatically

> : transferred to an account that I don't maintain in Quicken.

> :

> : I was hoping I could do this in a single action by using

> : the DivX action but this requires an Quicken account. Do I have

> : to use two actions, a Div and a Withdraw?

> :

> : I'm running Quicken 2008 Deluxe.

Posted by scott s. on February 9, 2009, 2:19 am

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> For these transfers, you could use a "dummy chequing" account, which

> you would probably want to hide and not have included in any totals.

that is probably what I would do as well. there is a feature called
"update account balance", and you could use that to "zero" out that
dummy account every so often (monthly/quarterly).

scott s.
.

Posted by Andrew on February 9, 2009, 8:03 am

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scott s. wrote:

>> For these transfers, you could use a "dummy chequing" account, which

>> you would probably want to hide and not have included in any totals.

> that is probably what I would do as well. there is a feature called

> "update account balance", and you could use that to "zero" out that

> dummy account every so often (monthly/quarterly).

> scott s.

> .

Just curious - if one is going to the trouble of creating a 'dummy' account
that one is using to move money to an account one doesn't want to track in
quicken, isn't that tracking the account in Quicken to some extent? So why
not track the account 'for real'?
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Regards -

- Andrew