How to record and manage purchases of Certificates of Deposit from a bank account?

Quicken Help suggests managing the CD's as a "Security:" and while can record the security, yet, the cash disbursement to buy it, and then the receipt back of the proceeds, plus interest... well I am struck on how to do that.
Any ideas or work arounds???

Best Answers

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    Answer ✓
    Create an investment account
    Transfer cash into it from your bank account
    Purchase CDs
    When they mature, Sell the particular CD for principal + Interest.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    Answer ✓
    Create an investment account
    Transfer cash into it from your bank account
    Purchase CDs
    When they mature, Sell the particular CD for principal + Interest.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
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