add and remove shares

Posted by Jeff on July 11, 2006, 7:29 am

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Quicken's "Add shares" allows you to add shares without affecting the cash
balance, but it does have places to record share prices. I use it to
satisfy placeholders where I had not entered 2-3 year old entries. That
works fine.

The reverse, "Remove shares" (to record old sales without affecting the cash
balance) however lacks fields to record the price sold and cash received.
I've been using the memo field for that but is there a more satisfactory way
to record this?

Jeff

Posted by JM on July 11, 2006, 10:01 am

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Jeff wrote:

> Quicken's "Add shares" allows you to add shares without affecting the cash

> balance, but it does have places to record share prices. I use it to

> satisfy placeholders where I had not entered 2-3 year old entries. That

> works fine.

> The reverse, "Remove shares" (to record old sales without affecting the cash

> balance) however lacks fields to record the price sold and cash received.

> I've been using the memo field for that but is there a more satisfactory way

> to record this?

> Jeff

Have you considered simply entering Buy/Sell transactions and then
adjust the cash balance when your done?

Posted by John Pollard on July 11, 2006, 10:16 am

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> Jeff wrote:

>> Quicken's "Add shares" allows you to add shares without

>> affecting the cash

>> balance, but it does have places to record share prices. I

>> use it to

>> satisfy placeholders where I had not entered 2-3 year old

>> entries. That

>> works fine.

>> The reverse, "Remove shares" (to record old sales without

>> affecting the cash

>> balance) however lacks fields to record the price sold and

>> cash received.

>> I've been using the memo field for that but is there a more

>> satisfactory way

>> to record this?

> Have you considered simply entering Buy/Sell transactions and

> then

> adjust the cash balance when your done?

Or telling Quicken in the Buy/Sell transactions to "Use cash for
this transaction" "From" (or "Record proceeds" "To") the account
where the transaction is being entered. [NOTE: This is not the
same as using "this account's cash balance".]

Posted by Jeff on July 11, 2006, 3:52 pm

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>> Jeff wrote:

>>> Quicken's "Add shares" allows you to add shares without affecting the

>>> cash

>>> balance, but it does have places to record share prices. I use it to

>>> satisfy placeholders where I had not entered 2-3 year old entries. That

>>> works fine.

>>>

>>> The reverse, "Remove shares" (to record old sales without affecting the

>>> cash

>>> balance) however lacks fields to record the price sold and cash

>>> received.

>>> I've been using the memo field for that but is there a more satisfactory

>>> way

>>> to record this?

>> Have you considered simply entering Buy/Sell transactions and then

>> adjust the cash balance when your done?

> Or telling Quicken in the Buy/Sell transactions to "Use cash for this

> transaction" "From" (or "Record proceeds" "To") the account where the

> transaction is being entered. [NOTE: This is not the same as using "this

> account's cash balance".]

I am not sure I follow this. If I do a sell transaction in the "Record
Proceeds" there are 2 options:
1. to this account's cash balance
2. to ....... (select from a list of other accounts)

I assumed that #1 is the same as using the account's cash balance. Are you
saying that if in #2, I select the account I am working in it does not use
that account's balance? What does it do for cash proceeds instead?

> [NOTE: This is not the same as using "this account's cash balance".]

Could you explain how it is different? Sounds like it would be the same. I
checked Quicken's help and it seems to indicate the cash proceeds go to the
account selected.

Thanks.

Jeff

Posted by Jeff on July 11, 2006, 3:40 pm

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> Jeff wrote:

>> Quicken's "Add shares" allows you to add shares without affecting the

>> cash

>> balance, but it does have places to record share prices. I use it to

>> satisfy placeholders where I had not entered 2-3 year old entries. That

>> works fine.

>> The reverse, "Remove shares" (to record old sales without affecting the

>> cash

>> balance) however lacks fields to record the price sold and cash received.

>> I've been using the memo field for that but is there a more satisfactory

>> way

>> to record this?

>> Jeff

> Have you considered simply entering Buy/Sell transactions and then

> adjust the cash balance when your done?

That is what I ended up doing. I just wondered if there was a way to do it
without having to make cash adjustments. It is possible to do it without
affecting the cash balance using "Add shares", but not in "Remove shares" if
you wish to enter the share prices.

As I said, I ended up using the Sell transaction and then adjusting the
final cash balance.

Jeff