Missing investment transactions in Quicken for Mac

Unknown

When using Quicken for windows 2015 it would automatically enter a payment/deposit transaction for every buy transaction that was downloaded.  This kept my cash balance at zero.  When I upgraded to quicken for mac 2016 these transactions are no longer entered. in the register.  Does the mac version not support this feature or do I need to do something to turn this back on?

RickO

Transactions are not created in QM16 as the result of downloading other transactions. If your brokerage is not transmitting the deposit transactions that correspond to the buys, then you will have to enter them manually.

Unknown

Thank you.  Is this a change from Quicken for windows.  I didn't change brokerage accounts, but they no longer appear since I switched to QM.

RickO

SB Boston said:

Thank you.  Is this a change from Quicken for windows.  I didn't change brokerage accounts, but they no longer appear since I switched to QM.

I'm not a Windows user, so I don't know. Maybe someone else will chime in.

Concordman

SB Boston said:

Thank you.  Is this a change from Quicken for windows.  I didn't change brokerage accounts, but they no longer appear since I switched to QM.

@SB Boston are you referring to the linked MM account in QW?

Unknown

SB Boston said:

Thank you.  Is this a change from Quicken for windows.  I didn't change brokerage accounts, but they no longer appear since I switched to QM.

I have a fidelity account which I downloaded all transactions to QW15 401k investment register.  Each paycheck there would be a buy transaction for the selected funds in my portfolio.  When I downloaded these buy transactions in Quicken, QW added an offsetting transaction (with a pencil status icon) in my register showing a cash adjustment so it would be zero cash in the account.  After I flipped to QM16, these transactions were no longer added and i now have a negative cash balance.

 

RickO

SB Boston said:

Thank you.  Is this a change from Quicken for windows.  I didn't change brokerage accounts, but they no longer appear since I switched to QM.

I can't speak to QW, but QM will not automatically add such transactions. 

But my question for you is: where do the funds come from to buy these securities?

If they are a deduction from your paycheck, then you should be entering a transfer from your paycheck transaction in your checking account to the 401k account. This will provide the cash infusion in the 401k to cover the buys.

If the fund are an employer contribution, then you should be entering a Deposit transaction with a category such as "Employer Retirement Contribution" which will let you track these contributions. Assuming the contributions are consistent, you could set them up as scheduled transactions in the 401k account to simplify their entry each month.

Unknown

SB Boston said:

Thank you.  Is this a change from Quicken for windows.  I didn't change brokerage accounts, but they no longer appear since I switched to QM.

Thank You RickO,  i have updated my paycheck deduction to transfer to this account.  QW must work differently from QM as QW automatically created these transactions for me and did not have to do a transfer.  Thank You

Concordman

SB Boston said:

Thank you.  Is this a change from Quicken for windows.  I didn't change brokerage accounts, but they no longer appear since I switched to QM.

Suspect you initially  set this up as a xfer in QW before it remembered the transactions for you.

John_M

You also might want to check out this discussion.

https://getsatisfaction.com/quickencommunity/topics/401k-contributions-are-being-auto-marked-as-buy-...

Unknown

Thanks.   I am using my paycheck and scheduled employer contribution transaction to solve.  

What puzzles me is how the cash adjustments (that appear to be manual) were entered into the register as I didn't enter them.  What I didn't show in the detail above is that the cash adjustments are for the exact amount of each buy transaction and they also contain a note:  "Offset cash for 03/31/2016 Buy transaction."  Each week the date would change in the notes.  My only conclusion is that if Quicken didn't make a matching deposit, Fidelity must have changed what they send through the direct connect method the same time I switched to QM16. Coincidence?

Regardless, i changed to the method described above.  Thanks for your help. 

RickO

SB Boston said:

Thanks.   I am using my paycheck and scheduled employer contribution transaction to solve.  

What puzzles me is how the cash adjustments (that appear to be manual) were entered into the register as I didn't enter them.  What I didn't show in the detail above is that the cash adjustments are for the exact amount of each buy transaction and they also contain a note:  "Offset cash for 03/31/2016 Buy transaction."  Each week the date would change in the notes.  My only conclusion is that if Quicken didn't make a matching deposit, Fidelity must have changed what they send through the direct connect method the same time I switched to QM16. Coincidence?

Regardless, i changed to the method described above.  Thanks for your help. 

If transactions are just "appearing", they must have come through Direct Connect from Fidelity. I have a bunch of Fidelity accounts and I've never seen this. But mine are brokerage, not 401k (Net Benefits) and I also always have cash shown in the account before the buys.