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cash balance not matching statement

Catherine Shenoy

I have Quicken-Premier 2018. Version: R6.11. Build: 27.1.6.11

I have several small sales to correct an over-payment to my account.
Here's an example:

The total sale is 10.40, but the Cash added is only 8.21

I'm thinking I should not record these as sales since they are decreasing the cash in the account and decreasing the shares. I don't see the best way to record. Perhaps Remove shares and then transfer cash out?

Any ideas? Thanks

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Comments

Tom Young

I think you're looking at an Investment Transaction report and are confused about by the presentation. The Investment Transaction report is telling you that you realized $10.40 in cash comprising your basis in the stock - $8.21 - plus gain of $2.19. $8.21 + $2.19 = $10.40. The minus $8.21 is referring to your decrease in your investment - the $8.21 of basis that went away with the sale.

Go look at the actual Account in which the transaction took place. I'm confident that over there you'll see a cash increase of $10.40.

Sherlock

In the example provided, the cash in the account did not decrease. It increased the cash in the account by $10.40 ($8.21 + $2.19). The transaction in the report is presented on multiple lines to provide additional details.