Trying desperately to get my QMac2007 investment data correctly into QMac2019
For now I am doing everything manually. I tried setting my primary account to auto, but it only imported 2 years of transactions. My Q2007 file goes back to 1990-ish, so 2 years is not useful.
In Q2007, I had a single account defined for my brokerage account. I also had several accounts defined each for a single mutual fund. Though these funds were (are) held in my brokerage account, I preferred to track them in their own accounts in Quicken. The new Quicken does not seem to have this type of account, so all my single-fund accounts were imported as brokerage accounts.
If I could simply merge those accounts into my brokerage account, it would solve all my problems. But I can't find any way to do that. Is there?
Assuming not: the problem arises whenever there is a BUY or SELL transaction on one of these mutual funds. For a $1000 BUY, for instance, In the old Quicken I would do the following:
1) In the brokerage account, sell $1000 worth of money market.
2) In the mutual fund account, enter the BUY, and point it to the brokerage account, so the cash would be taken from there.
That is all quite sensible.
In Q2019, here's what the importer left me with:
1) In the brokerage account, there's a Payment/Deposit transaction. In the Splits, the first column says Transfer: [mutual fund account name]. In the third column, the actual name of the account. In the fourth column the amount of cash transferred.
2) This is linked to a transaction in the mutual fund account that says BUY zero shares, same dollar value as above. In the memo, it says "Created based on Deposit of $1000". In the transaction list, it shows a "-$1000" in the Amount column.
#2 makes no sense to me. How is "Buy 0 shares" a placeholder for making cash available to purchase real shares? How come the amount is -$1000, which suggests money going out of the account? I end up with two consecutive BUY transactions, each showing -$1000, and yet mysteriously the Balance column stays at zero. I am baffled.
I also cannot delete the transaction in #2, it tells me "this transaction is locked and can't be deleted". Go To Source takes me back to the transaction describe in #1.
If I delete *that* one (the Payment/Deposit in the brokerage account), both disappear. Then, if I create a new one that is exactly like the old one, the weird "Buy 0 shares" transaction does not appear in the Mutual Fund account. So it seems that the importer is doing some special magic to put it there that I can't do myself?
I feel like there is almost zero chance anyone will be able to make any sense of what I'm writing here.
Likewise, there is zero chance I can make any sense of what Quicken is doing. I don't know how to move forward with this program if I can't understand something so fundamental.
Can anyone help me untangle this mess?
Comments
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Neil, are you still facing this issue?
Quicken user since Q1999. Currently using QW2017.
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It sounds like a few things are going on. Whether or not understanding those oddities will ultimately lead to success is unknown, but let's look at things:
Did you actually import your 2007 data file into 2019? The reason I ask is that if you had prior history, it should have been imported. If you only received two years of data, that sounds like your setup only brought in your history that your financial institution provides.
Part of the confusion here might also be with Single Mutual Funds: Many brokerage houses provide this data as a single investment account with the various holdings represented within. Others, split out each fund as if it is a separate account. I think you had this in 2007 and maybe 2019, but I am not sure form your description. At getting back to the trying to connect online might have added more confusion to the mix.
You might wish to create a new file in 2019, and try the import again. The programs are quite different, but seeing the import a second time prior to taking it online might yield some clues. Examine the data and don't try to download.
As for your second problem-you did a good job describing it. I suspect the problem lies in that 2007 had the ability to combine transfers and buys/sells into a single trasnx. Newer versions do not support this, so that might be why you see a screwed up split. But, before you go to diagnosing that, I think you need to get a fresh import to see where you are at. Then you can tackle the transfer split issue. And we might also have placeholders created from the download setup interfering with the entire process.
I suggest you try the import again into a new file, and we go from there.0 -
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