Fidelity core account & cash balances
lellis1936
Quicken Windows Subscription Member ✭✭
Most of my Fidelity brokerage accounts, after download, began with a core account balance of zero (FDRXX - Fidelity Cash Reserves).
Later purchases of securities show as reducing the zero share balance of FDRXX (to negative values).
So I receive an error when reconciling that reports the Quicken balance for FDRXX does not agree with Fidelity. For example, a common example might show -1000 shares in Quicken for FDRXX, with a cash balance of $1000. Both the FDRXX balance and should be zero.
How did things get this way, and what is the best way to fix it? In the example in the previous paragraph, I believe FDRXX SHOULD have begun with a balance of $1000 (1000 shares), but I don't understand why the download didn't create this entry.
Later purchases of securities show as reducing the zero share balance of FDRXX (to negative values).
So I receive an error when reconciling that reports the Quicken balance for FDRXX does not agree with Fidelity. For example, a common example might show -1000 shares in Quicken for FDRXX, with a cash balance of $1000. Both the FDRXX balance and should be zero.
How did things get this way, and what is the best way to fix it? In the example in the previous paragraph, I believe FDRXX SHOULD have begun with a balance of $1000 (1000 shares), but I don't understand why the download didn't create this entry.
0
Best Answer
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From your description, I suspect the initial placeholder for the money market fund generated when you setup the account was not resolved properly. I suggest you enter an appropriate Bought or Added transaction. You may want to review: https://community.quicken.com/discussion/7267839/quicken-faq-managing-placeholder-entries-in-quicken-for-windows5
Answers
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From your description, I suspect the initial placeholder for the money market fund generated when you setup the account was not resolved properly. I suggest you enter an appropriate Bought or Added transaction. You may want to review: https://community.quicken.com/discussion/7267839/quicken-faq-managing-placeholder-entries-in-quicken-for-windows5
This discussion has been closed.