Investment Buys & How to Track

Question

I would like to know how others track their investment buys from accounts tracked in Quicken for Mac (subscription version) but are not using the Investments portion in Quicken. When I transfer funds to purchase, how do I account for the funds (i.e., buy stocks).  Would one way to transfer to a cash account and show as "Spent" cash?  Thank you for your time.

Koowedza · Answer

Yes, I use Quicken as you stated. I never noticed or realized the "Transfer" category that is not an income or expense.  Thanks for pointing that out and I will check it out and report back.

jacobs · Answer

Let me make sure I understand your question. You're using Quicken to track your income and spending, but you're not tracking your investments in Quicken at all?

There are a few things you could do. The simplest would be to use the category "Transfer" this is a special Quicken category which does not treat the transaction as income or expense; it simply makes money disappear (or appear, if it's a deposit). Note that this is not the same as a transfer of funds into/from another account in Quicken; using plain "Transfer" means the money was transferred to or from somewhere outside what you're tracking in Quicken.