Year End Balance Problem / Question

bwalker56

Oh boy... new here. Here is my problem: I'm trying to get my Statement of Financial Condition entry for Investment Accounts to balance with the Cost Basis reflected in both my Portfolio Balance Report and the Portfolio Value and Cost Basis Report. Both of these Portfolio Cost Basis balance with the Cost Basis reflected in the Brokerage Statement for Year End. How can I either:
1. Find the discrepancy and correct it or
2. Is it possible to make an entry to "Force" the adjustment in the number reflected on the Statement of Financial Condition to match the Higher Value of the Cost Basis reflected in all my other reports and Statements. I am confident the higher matching basis reflected in both of the Quicken Portfolio Reports and the Brokerage Statements are correct.

q_lurker

The higher basis is reflected correctly in Quicken Portfolio Reports and the Brokerage statements.  Good.  Your basic data seems to be accurate.  

What is this "Statement of Financial Condition"?  Is that a Quicken report you previously named and saved?  If so, it may not be complete with respect to all accounts and securities.  You might need to edit the report to correct those omissions. 

If that report has carried over from prior versions of Quicken, it may need to be recreated from scratch.  Saved reports do not always convert well.  

q_lurker

The higher basis is reflected correctly in Quicken Portfolio Reports and the Brokerage statements.  Good.  Your basic data seems to be accurate.  

What is this "Statement of Financial Condition"?  Is that a Quicken report you previously named and saved?  If so, it may not be complete with respect to all accounts and securities.  You might need to edit the report to correct those omissions. 

If that report has carried over from prior versions of Quicken, it may need to be recreated from scratch.  Saved reports do not always convert well.  

bwalker56

Thank you! Yes you were spot on. I went in and adjusted the securities included in the saved report of Financial Condition and it balanced right in line. It was a report saved and transferred over in my upgrade earlier this year. Thank you for your help!