Closed Account with $0 balance shows up in Net Worth Report with a balance more than $200

Leslie Lewis

I sold all the holdings in an IRA in 2013 and transferred the resulting balance to a different account. The original account's register shows the liquidation, no holdings no fund balance. The new account shows the transfer of the funds. I closed the account in Quicken. The account list shows the former account as "closed" with a zero balance and no assets. The Net Worth report shows the closed account with a balance of more than $200. How can I correct the report?

Sherlock

Assuming you're examining the net worth after the account is closed, you may exclude the account from the report: open the report, press Alt + C, select the Accounts tab, uncheck the closed account and select OK.

As to why the closed account may have a Net Worth would require more analysis.  I suggest varying the date of the report to determine when the Net Worth of the account goes awry.  Note: After an account is closed, transactions may still be added, edited, or removed.

Sherlock

Assuming you're examining the net worth after the account is closed, you may exclude the account from the report: open the report, press Alt + C, select the Accounts tab, uncheck the closed account and select OK.

As to why the closed account may have a Net Worth would require more analysis.  I suggest varying the date of the report to determine when the Net Worth of the account goes awry.  Note: After an account is closed, transactions may still be added, edited, or removed.

Leslie Lewis

thank you,

Ps56k2

Sherlock said:

As to why the closed account may have a Net Worth would require more analysis.

Since the account balance is showing zero -

how could there be anything that would add $200 to the Net Worth ?

It would be interesting to see a screen capture of the bottom of the account register ...

Leslie Lewis

Thank you for responding. An earlier suggestion helped me solve the issue. Everything is as it should be.

Ps56k2

So... what was it ??????