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Quicken for Mac Improvement Suggestion - Account Projection Calculation
Renzo Bianchi
Member ✭✭
Show Projected Balance in Sidebar requested update.
Currently when this is selected it shows the projected balance update for the Banking and Property & Debt areas but does not update the Investing area (which includes Brokerage and Retirement categories).
Although for the most part Investments should be linked to online accounts and be dynamically updated and therefore not have to be projected into the future, there are situations in which they do need to be projected regardless if they are linked or not. One example is: within the retirement account you have an annuity that grows at a set guaranteed interest rate until withdrawals these set interest disbursements can be projected with each yearly date recorded in your quicken retirement account using manual entries. So todays value may be $1,000 its future value may be $1,500.
I have used quicken Windows and Mac for years and like to use the Show feature as a quick way to see my current net worth and distribution across accounts and at one time this feature worked as expected, however, now I cannot get an accurate quick view as it does not include the Investing area in the projections.
I would appreciate Quicken considering this update. If Quicken chooses not to implement it I would like to know the rational as to why it is not implemented.
BTW - I do get around this using custom reporting, but I shouldn't have to do this work around.
Currently when this is selected it shows the projected balance update for the Banking and Property & Debt areas but does not update the Investing area (which includes Brokerage and Retirement categories).
Although for the most part Investments should be linked to online accounts and be dynamically updated and therefore not have to be projected into the future, there are situations in which they do need to be projected regardless if they are linked or not. One example is: within the retirement account you have an annuity that grows at a set guaranteed interest rate until withdrawals these set interest disbursements can be projected with each yearly date recorded in your quicken retirement account using manual entries. So todays value may be $1,000 its future value may be $1,500.
I have used quicken Windows and Mac for years and like to use the Show feature as a quick way to see my current net worth and distribution across accounts and at one time this feature worked as expected, however, now I cannot get an accurate quick view as it does not include the Investing area in the projections.
I would appreciate Quicken considering this update. If Quicken chooses not to implement it I would like to know the rational as to why it is not implemented.
BTW - I do get around this using custom reporting, but I shouldn't have to do this work around.
4
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Selecting "Don't Show Reminders" for a cash bank account correctly displays the actual balance (including future transactions that have already been recorded) in both the register and in the account list on the left.
But for Investment accounts, when a transaction has been recorded in the future, the correct balance does NOT show in the account list on the left or as the correct Market Value, even though the balance displays properly in the register next to the number of items.
As you can see in the first attached image, the register for "Cash Balance Plan" shows a balance of $7,625.00 next to "items," but the account list on the left and Market Value both show $0. Whereas in the second attached image, Citibank Joint shows the same balance in the register and in the account list. Both accounts are set to "Don't Show Reminders" to avoid unrecorded scheduled transactions from messing up the balance total, but still allow recorded future transactions to be included in the total.
One other strange thing I noticed in the Cash Balance Plan account register (with only one transaction) was that the green line separating future transactions from prior ones is in the wrong place (after 1/31 instead of before, since this screen capture was taken on 1/30). Not sure what's going on there; perhaps it's confused because there's only one transaction, and that one transaction is in the future?
https://community.quicken.com/discussion/7885356/ending-and-projected-balances
https://community.quicken.com/discussion/7852371/future-transactions
https://community.quicken.com/discussion/7751439/quicken-for-mac-improvement-suggestion-account-projection-calculation
Although this is easily reproducible, it's not clear if a Quicken moderator ever submitted this as an "official" bug to Product Development.
I know I reported it via Report of Problem, but of course, there's no response to those submissions.
Thank you for taking the time to visit the Community to report this issue. I have been able to successfully and reliably recreate this issue and it has been reported.
I will be back with an update as soon as more information becomes available.
An official ticket would mean an issue has officially had a ticket opened and has a ticket number assigned. We do not intentionally "block" bugs from being reported. Your Feedback is valuable to us and we want to know when things are not working properly.
At times it is possible that we need more information to proceed or an issue is being investigated and we do not yet have an update provide. The traffic in the Community may also slow down this process. We do our best to get as many issues as we can report.
Thank you,
-Quicken Tyka
It's an issue that had occurred in the past, but had been working correctly for at least a while.... I noticed it again quite recently - - in the last 3-4 weeks.
In my case, I have future add share (co stock) transactions going out 4 years.
If it's any "help" - - the market value is incorrect *precisely* by today's market price per share times the number of future shares added for the year 2021. It doesn't include the value of shares added in 2022-2025.... *Only the 2021 shares. (And I've made some dummy entries to confirm: adding future shares in 2021 increases the balance, and removing the future add share transactions lowers the balance. Adding/removing shares in 2022 and beyond results in the expected behavior.)
Thank you for your patience and an official bug ticket has been opened for the Mac product for this issue.
I do not have an ETA to provide at this time, however, I will be back with an update as soon as more information becomes available.
Thank you,
-Quicken Tyka
[Edited-This is a feature not a bug]
First, I have merged a previous thread into this existing Idea thread as this is now being tracked as a feature request.
This is currently working as designed, however, a change in the behavior of this feature to include future transactions is being considered.
I do not have an ETA to provide but this post will be updated as soon as more information becomes available.
-Quicken Tyka