Money Market account treated as a cash account

Question

I purchased a new money Market fund and chose to treat it as a cash account what I set up the investment in Quiken. I now want to treat it as an investment. Can I change the way the money market account is accounted for?

Jim_Harman · Answer

Assuming you are doing this manually and not downloading transactions, you would set up the money market fund as a security and if you don't already have one, an offline investing account to hold it.

Then in the investing account you could click on Enter Transactions and enter a Buy transaction with the Cash source being the banking account you have already set up. If you have $1,234.50 in the banking account, you would buy 1,234.5 shares of the money market fund at $1.00 each. You will be left with no money in the banking account and 1,234.5 shares of the money market fund in the investing account.

Boatnmaniac · Answer

Are you downloading the MMF account from a financial institution or are you manually entering the data? 
If you are manually entering the data you can set up the account however you want to.  To be able to enter it as a security you will need to set up an offline (manual) Investment account and then you can manually add the MMF security and manually enter your MMF purchase(s).If you are downloading from a financial institution:  Who is the financial institution?  And which MMF is it?  (The ticker information would be helpful.)As I mentioned in my previous post, you cannot change the account type for the account you already have set up in Quicken...so, you cannot change it from a Cash account to an Investment account.

markus1957 · Answer

The ability to make a choice on that seems to be dependent on whether the financial institution itself offers that option in the way it downloads information to Quicken. Since your initial comment indicates you were once given an option to do that, the discussion in the link below may help you find how to switch it back. My FIs do not allow switching MMFs/Cash handling so I can't test it for you.
Switch money market fund back from cash to mutual fund? — Quicken