markbahnman said: I'm manual setting up an RRSP in Quicken because RBC doesn't seem to have a download transactions option for Investing. Thus far I have just been using 'Add Shares' for both employee and employer contributions, as the money is taken directly from the paycheque / payed for by the employer. Is there a better way to track these two types of transactions?
John in NC said: markbahnman said: I'm manual setting up an RRSP in Quicken because RBC doesn't seem to have a download transactions option for Investing. Thus far I have just been using 'Add Shares' for both employee and employer contributions, as the money is taken directly from the paycheque / payed for by the employer. Is there a better way to track these two types of transactions? Well, the "Add shares" will work in terms of getting the correct share balance, there is a better way. Ideally, you will be wanting to use the "Buy" shares command instead as this will show the $ used to acquire funds.Now, the problem is that you have to account for how said $ ended up in the account. As Pam alluded to, you ideally would want to "split" your paycheck out to show the transfer of $ from your paycheck over to your RRSP account. The Mac versions don't have a paycheck setup wizard, but that does nothing more than create a split transaction yourself where you can accomplish on your own. You can ask if you are not familiar with splitting a paycheck to show your gross amount and all the various deductions.You also have left off a few details that you might have to deal with: Are you entering all of the transaction history for your RRSP, or are you just just coming on board with an account you have had for a while? Are you going to be downloading the price history/quotes from a market such as the Toronto Stock Exchange?
