Buy/Sell of shares creates incorrect balance in Quicken for Mac 2015


Quicken will always assume that "buy" and "sell" transactions impact cash balances (Buys decreasing cash, Sells increasing cash). For a normal Brokerage account (where the financial institution reports the cash in and out transactions) this is appropriate. However, for a Mutual Fund account and/or 401(k) account where the brokerage does not report the cash transactions, you may get this positive or negative balance issue.

To resolve this you should:

  • Change "Buy" transactions to "Add Shares".
  • Change "Sell" transactons to "Remove Shares".

These Add/Remove shares transactions still maintain your cost basis information, but assume no impact on cash (Currently you'll make these adjustments manually after each download).

Note:

You would not have seen this in Quicken Essentials because Essentials did not track/report on individual transactions. It just shows the balance as of the last download.

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Tip: To find out which version of Quicken you are using, open Quicken go to Help menu and select About Quicken.