How do I configure Quicken Mac to receive 'investment' income into a linked 'bank' account?

Dr_B

I have looked all over and cannot find this most basic configuration instruction. I have brokerage accounts that hold shares that pay me dividends. In QM2007 I just recorded the dividends and in the same line of the register I specified the bank account that received the cash. It was then simple for me to transfer cash between bank accounts. I can't seem to configure the current Quicken for Mac to automatically direct income into the bank account associated with the brokerage account and use to purchase shares and receive income. I need to be able to transfer money from this investment-associated bank account without having to duplicate every single dividend transaction with a Payment/Deposit transaction into a savings/checking account.

There seems to be a 'wall' between cash activity in 'investment' accounts and traditional 'bank' accounts. Surely it is arbitrary and cash should be able to flow between any accounts?

If I receive 240 dividend payments per year and want to write one gift check to my kid, I shouldn't have to enter 240 payment transactions into the bank account so that I can then account for the one check?

This was never a problem in Quicken 2007.

jacobs

There's possibly another option — if you're willing not to move the cash in Quicken into a separate bank account. Would you have a problem just letting the cash sit in the investment account? In other words, when you receive a dividend, record the transaction in the investment account, which will add to the cash balance in that account. When you need to write a check, just record the check in the investment account, to the appropriate category(ies), the same as you would in a separate bank account. You can reconcile the cash in an investment account just like you can in a bank account.