There is no option to update 401K holdings for any account that does not sync with Quicken. (Q Mac)

John

I have several retirement accounts that do not sync with Quicken and I used to be able to update the quarterly statements when I was using the Windows version. I switched to Mac last year and this feature does not exist. SHAME! This is a basic feature that should be wizard driven. Can the Mac development teams spend more time with the Windows team to add this basic feature to the Mac version? It is marketed as though it exists, but it does not.

jacobs

When I manually enter my quarterly transactions, I actually take the couple minutes to enter the actual transactions which took place -- typically reinvested dividends and an occasional buy or sell. But I understand that's pretty easy for mutual funds or individual securities which don't have much activity in a quarter, but not so easy for investment accounts with a lot of activity. In the latter case, I'd manually enter a transaction to do what you're doing in Windows when you use the update wizard -- reinvest or add shares to get the balance right, and deposit/withdraw cash to get the cash balance right. I'm not sure how you account for this activity in Windows (e.g. if it's a lump sum for transactions on various dates, how do you get your basis correct?), but I'd do the same in the Mac version, except you may need to subtract the ending number of shares or cash balance from the previous quarter's total to get the change, if your brokerage statement doesn't show the net change. In any case, it shouldn't take much more time than the Update does in the Win version, unless I'm missing something.

jacobs

John, could you elaborate on exactly what you're having trouble updating in your investment accounts? I'm a longtime Mac user, so I'm not familiar with the details of how features are implemented in the Windows version. But I do regularly update my investments after receiving quarterly statements. 

NotACPA

@jacobs, in QWin there is, under that Gear icon in the upper right corner of the register, the options to either "Update Cash balance" or "Update Share Balance".

This would normally be used when the FI doesn't permit downloads.

jacobs

When I manually enter my quarterly transactions, I actually take the couple minutes to enter the actual transactions which took place -- typically reinvested dividends and an occasional buy or sell. But I understand that's pretty easy for mutual funds or individual securities which don't have much activity in a quarter, but not so easy for investment accounts with a lot of activity. In the latter case, I'd manually enter a transaction to do what you're doing in Windows when you use the update wizard -- reinvest or add shares to get the balance right, and deposit/withdraw cash to get the cash balance right. I'm not sure how you account for this activity in Windows (e.g. if it's a lump sum for transactions on various dates, how do you get your basis correct?), but I'd do the same in the Mac version, except you may need to subtract the ending number of shares or cash balance from the previous quarter's total to get the change, if your brokerage statement doesn't show the net change. In any case, it shouldn't take much more time than the Update does in the Win version, unless I'm missing something.