mutual fund investment manual adjustment

Question

I use Quicken Classic Business and Personal for Windows version R54.16 to track my personal and business finances. I have a one SEP retirement account with a brokerage firm which includes 5 different mutual funds. I use Quicken’s one-step update to download activities from all 5 mutual funds in my brokerage account.

Sometimes I have to manually adjust the values of individual mutual funds in Quicken to match my brokerage account. My question is how can I manually adjust the balance in an individual mutual fund in and how should I categorize the adjustment?

[Deleted User] · Accepted Answer

@Grandaddy42  It sounds like the Simple Tracking Method might work best for you.  Take a look at "Tracking Method" on the General tab of Account Details. Which option is currently selected? If it is Simple Tracking, then I think all you need to do is click on the security name and it should give you several options to edit or adjust the security, including balance.

If the current tracking method is Complete, then I think to switch over to Simple Tracking all you would need to do is select "Simple - Positions Only".  This of course is your preference.  But if I am hearing you correctly, Simple Tracking sounds like a good fit for you.

Before you make this change, please make a backup of your data file, just in case.

Grandaddy42 · Accepted Answer

Thanks -That sounds like what I need, since it is a tax-deferred SEP mutual fund retirement account that I don't receive any income from other than my annual RMD.

I'll run a full backup and give it a try.

Thanks again!

Grandaddy42 · Accepted Answer

That worked, thanks again for your help!