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

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.
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Best Answer

  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭
    Accepted Answer
    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?

Answers

  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭
    Accepted Answer
    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
    Fred8 Member ✭✭
    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.
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