Windows 7 Quicken 2015R12
I have been tracking non-vested RSUs in Q since 2013. As I was just creating a "placeholder" for our overall financial picture, I didn't think too much about the implication of my methodology. I have lots of experience with Q's ISO functionality and knew that wasn't the method to go. Also, had done a quick search at the time, probably just in Q help, not in the community about RSUs.
I created a non-linked brokerage account. Created a security without a ticker and added single yearly "added" transactions to enter the quantity of RSUs received. In the memo, I added the information about availability date so I wouldn't lose track of it. In our case, 100% vests at the four year mark.
When a handful of shares were forfeited, due to underlying rules, I "removed" that number.
Fast forward to today when I started thinking about the picture not being reflected in Q.
The vest happened a few months ago and I decided it was time to play with them. I found a few great threads from year's past, and in particular, having been referring to this one...
https://getsatisfaction.com/quickencommunity/topics/how-to-handle-restricted-stock-units-in-quickenI'm working in a Q copy and created a new non FI linked brokerage account. Created new security names for each RSU granted for ability to track; added in the appropriate RSU quantity and in the one case, removed the forfeited shares.
Then, my aha moment... our RSUs are a foreign holding. I figured out how to turn on multiple currency support and recreated a brokerage account to work with, so that I could change its currency type and reentered my transactions.
To help myself along, I "removed" the quantity of RSU shares that vested. I then, intitially added the same quantity of actual shares, therefore no cost associated. Sold a portion of those shares, generating cash and transferred the funds to the account in which I track tax dollars in the w2. (So far, I don't know how much actually went to federal vs state taxes, but I figure I can manage that once we have the detail report.)
I then went back to Tom's process in the above link and changed the "added" transaction to a buy transaction with the acquisition price, generating cash in my account. I still have the sold transaction to generate the tax w/h amount.
I have created a miscInc transaction, to generate the W2 income (using full number of shares + FMV) and created a category for its use.
In the RSU/Share account, I see the value appropriately in Euros. When I do a report on the income category to see how it will track, it has converted to dollars, but the amount doesn't reflect the same earning value that should up on a pay stub.
How do I get that to reflect accurately? When I had value going from the same account to the tax account I've set up, it gave me the option of overriding the conversion amount (which I in fact, haven't done yet in testing.) I did read about the currency conversion list, and I can see how to edit it, but that seems to be point in time, so I don't know that I can create something that give the conversion for a date in March, but something different for now.
Any help would be greatly appreciated. If I can't make the conversion to work, I'm thinking I might just leave out the MiscInc transaction, as I can track that differently when prepping taxes.
Anything else I might be leaving out in my thought process?
Thanks kindly!
ps. I also was checking out this thread
https://getsatisfaction.com/quickencommunity/topics/does-quicken-2012-have-a-way-to-record-restricte..., but haven't tested if option accounts can work with foreign currency. Also, I suspect I'd have the same conversion issue.
