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Quicken Classic for Windows
Investing (Windows)
adding 401k account results in double the account value
voiceovermike
I have the subscription version of Q for Windows. When I add a new account (401k that's a few years old for example), I tell it to add a 401k, log in to the institution, wait for the data to come across, go to the ledger and see a bunch of entries. At the bottom are the "Securities Value" (which matches the institution's value), a Cash Balance, and a Total Market Value (which is the sum of the other two numbers.)
I don't know why it adds a cash balance when it was apparently able to pull the securities value from the institution. It throws the total market value off (it doubles).
Any ideas?
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Accepted answers
Quicken Sarah
Hello
@voiceovermike
Thank you for taking the time to share your question with the Community, although I apologize that you have not yet received a response.
If you haven't already, I would recommend reading through the comments at
https://community.quicken.com/discussion/7252889/how-do-i-fix-my-401k-market-value-overstatement-since-it-appears-to-be-adding-both-the-cash-balance
.
I suspect there may be a placeholder affecting the balances, but please let us know how it goes and if the value of the 401K account is still doubled.
Thank you,
Sarah
All comments
Quicken Sarah
Hello
@voiceovermike
Thank you for taking the time to share your question with the Community, although I apologize that you have not yet received a response.
If you haven't already, I would recommend reading through the comments at
https://community.quicken.com/discussion/7252889/how-do-i-fix-my-401k-market-value-overstatement-since-it-appears-to-be-adding-both-the-cash-balance
.
I suspect there may be a placeholder affecting the balances, but please let us know how it goes and if the value of the 401K account is still doubled.
Thank you,
Sarah
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