Incorrect cash balance in quicken / USAA Roth IRA
Windows 2019 Quicken Premier Version R14.23 I just purchased quicken 2 days ago and manually entered the majority of last years IRA transactions. When I deposit money into my IRA yearly contributions, USAA shows the
money being held in a FDIC Insured money market under the ticker QRTEQ. If I deposit $100 into my IRA I now have 100
shares @ $1/share. When I purchase a
security, USAA first “sells” the number of shares equivalent to the amount I
need to purchase the security. This is where the problem occurs when updating
quicken. For example:
1st USAA records a “Sold” from the money market QRTEQ for
the amount I need to purchase a security.
2nd USAA then records a “Buy” for the security.
3rd After uploading to quicken. When I edit the details of the “Sold” transaction, it
shows the proceeds being deducted from this account’s cash balance. QRTEQ is my cash balance.
How do I fix this problem where quicken recognizes my money market
QRTEQ as my cash balance. I apologize
if my question is confusing and will try to clear up any questions. Thank you
Comments
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Hello Dustin,
Welcome to the Quicken Community! We appreciate your taking the time to share this question with us, although I apologize that you have not yet received a response.
If you haven't already, please review the information available at https://www.quicken.com/support/how-do-i-track-cash-investment-account & https://www.quicken.com/support/how-do-i-enter-updates-401k403b-account and please let us know if this helps to resolve the incorrect cash balance.
Thank you,
Sarah0 -
Hello Sarah, I ran into some problems with the links you provided. I clicked the https://www.quicken.com/support/how-do-i-track-cash-investment-account and it took me to the correct location. However when I scrolled to the bottom of the page and tried to click "transaction
download" it keeps taking me back to https://www.quicken.com/.
The same is true when I click the second link you provided me. https://www.quicken.com/support/how-do-i-enter-updates-401k403b-account
I've already clear web browser data and cleared my cookies as well.0 -
0 -
After reading https://www.quicken.com/support/quicken-cash-balance-no-longer-matches-brokerages-cash-balance
I'm unsure if I selected the correct setting to track my money market as a simple cash balance. Is there a way to go back and selected the correct criteria?0
