Deleting investment account - transfers...what happens

Don L

What happens to transfer transactions (investment to checking for example) if I delete the investment account?  I am trying to correct transactions in the investment account by downloading a new copy from my broker but concerned over the transfers that are correct between the investment account and other accounts.

Tom Young

" I am trying to correct transactions in the investment account by downloading a new copy from my broker..." 

The financial institution (FI) determines how much information will be downloaded and unless the account has been opened for a relatively short time it's unlikely that downloading transactions into a new Quicken Account will cover the period from the time the account was opened up to the present.  Given that and given that deleting an Account has the potential to mess up every other Account in your file where transfers to or from the deleted Account have occurred It frequently makes more sense to knuckle down and start correcting entries from the last time the Account was "known good."

If you're unable or unwilling to make that effort then another approach is to make adjusting entries - typically "Add" and "Remove" actions - to simply get your Account to balance to the FI's statement, and vow to keep up to date with future transactions.

Rocket J Squirrel

If you start to delete the account, Quicken will tell you what will happen to transfers. The remaining side of the transfers will be to [Unspecified Account].

Tom Young

" I am trying to correct transactions in the investment account by downloading a new copy from my broker..." 

The financial institution (FI) determines how much information will be downloaded and unless the account has been opened for a relatively short time it's unlikely that downloading transactions into a new Quicken Account will cover the period from the time the account was opened up to the present.  Given that and given that deleting an Account has the potential to mess up every other Account in your file where transfers to or from the deleted Account have occurred It frequently makes more sense to knuckle down and start correcting entries from the last time the Account was "known good."

If you're unable or unwilling to make that effort then another approach is to make adjusting entries - typically "Add" and "Remove" actions - to simply get your Account to balance to the FI's statement, and vow to keep up to date with future transactions.