How do I record Viacom Fixed to Float Corporate Preferred Stock.

Jeff Richards
Member ✭✭
I purchased Viacom Fixed to Float Corporate Preferred Stock. There is accrued interest . Which type of investment transaction do I use to record in Quicken 2017 ?
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In my experience "accrued interest" can be a nebulous term and depends on context. Is this an actual cash transfer into your account? If so, I would likely record it as an Interest income transaction. Include an 'accrued interest' notation in the memo field. It may also be appropriate to record it as a Dividend if that is the way the 'normal' income from this investment will be recorded.0
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As far as I can tell Viacom has not issued preferred stock though they have issued "debentures" that carry that "fixed to floating" moniker. A debenture is just an unsecured bond and if that's what you have then use the "Bonds Bought" action.
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Accrued interest is most likely to be an expense on a purchase and income on a sale. If you buy a bond or debenture which is not a new issue, it has likely accrued interest prior to your purchase. You must pay for that interest.
Record a Miscellaneous Expense transaction with the category _Accrued Int.
Quicken user since version 2 for DOS, as of 2025 using QWin Premier (US) on Win10 Pro & Win11 Pro on 2 PCs.
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If you use the Bonds Bought action Quicken will make that expense entry for you as part of the purchase of the bond.Rocket J Squirrel said:Accrued interest is most likely to be an expense on a purchase and income on a sale. If you buy a bond or debenture which is not a new issue, it has likely accrued interest prior to your purchase. You must pay for that interest.
Record a Miscellaneous Expense transaction with the category _Accrued Int.
(Of course that "expense" really isn't an expense, it's a reduction of your interest income. If the purchase of the bond and the next coupon date all occur in the same year then your income won't be misstated. Your _IntInc will be over stated but it will be offset by that _Accrued Int expense. With the few bonds that I've bought I've always included an "Accrued Interest" "security" that gets sold, at no gain or loss, when the coupon date occurs.)0 -
Tom: Thank you. I thought the only alternative was to select "purchase Bond transaction " within Quicken
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