How do you enter a convertible promissory note, after you are already own shares in the company?

Fred8

The company is already set up as a Security, and I already have shares recorded. Now I have a promissory convertible note, that will (hopefully) convert to shares at a discounted price in the future.

Tom Young

The convertible promissory note is an entirely distinct security from the shares you already own; it has a different name, different ticker symbol and a different CUSIP, if publicly traded.  You should have no trouble creating it in Quicken. 

Why do you ask?

Tom Young

The convertible promissory note is an entirely distinct security from the shares you already own; it has a different name, different ticker symbol and a different CUSIP, if publicly traded.  You should have no trouble creating it in Quicken. 

Why do you ask?

Fred8

This is for a startup company - not publicly traded. I hadn’t thought of considering the note as a different security from the stock. Thanks for the answer.

SavageDoc

I just invested in convertible notes that can be converted to shares, but the company is not publicly traded and there is no ticker symbol. How do I add that to Quicken? I made the investment through my Roth IRA account.

q_lurker

@SavageDoc:  You manually create a security (Ctrl-Y, Add Security, 'Click here' at the bottom of the screen).  I like to give all securities some form of a ticker, just to keep things clearly straight inside Quicken.  After you create the security, you can Buy or Add Shares into your IRA account.

Jim_Harman

If you give a special security a ticker symbol, be sure it is unique and un-check the Download Quotes box.

If the box is checked, Quicken sometimes gets creative and downloads quotes for another security.