change account type (Q Mac)

How can I change account type from "Savings" to "IRA"?

Best Answer

  • RickO
    RickO SuperUser, Mac Beta Beta
    Accepted Answer
    Unfortunately, Quicken doesn't allow you to change a Savings account into an IRA account. However, there is a workaround in this case:
    1. Create a new IRA account
    2. Go to the Savings account and select all transactions (menu Edit > Select All)
    3. Drag and drop the transactions as a group to the new IRA account in the sidebar
    4. Delete the now-empty Savings account
    This we result in the Savings account transactions becoming transactions of type Payment/Deposit in the IRA account. If the all or part of the balance in the IRA should be in securities, you will need to enter Buy or Move Shares transactions to reflect this.

    Quicken Mac Subscription; Quicken Mac user since the early 90s

Answers

  • RickO
    RickO SuperUser, Mac Beta Beta
    Accepted Answer
    Unfortunately, Quicken doesn't allow you to change a Savings account into an IRA account. However, there is a workaround in this case:
    1. Create a new IRA account
    2. Go to the Savings account and select all transactions (menu Edit > Select All)
    3. Drag and drop the transactions as a group to the new IRA account in the sidebar
    4. Delete the now-empty Savings account
    This we result in the Savings account transactions becoming transactions of type Payment/Deposit in the IRA account. If the all or part of the balance in the IRA should be in securities, you will need to enter Buy or Move Shares transactions to reflect this.

    Quicken Mac Subscription; Quicken Mac user since the early 90s
  • traversom1
    traversom1 Member ✭✭
    Thank you
This discussion has been closed.