Quicken Posting Income as MiscIncX and DivX rather than MiscInc and Div respectively.
I use the quicken download from my financial institutions each month and reconcile the cash balance using the Reconciliation dialog box. When doing my February 2024 download, what is usually an instantaneous reconciliation, I am off by a significant amount.
As I began investigating transactions between my financial institution's investment statement I see that an income transaction on the statement is being reflected as zero (and in the Decreases side on the left).
At first I though my financial institution was triggering this perhaps by the inclusion of a transfer account within the QFX data but the January download for similar transactions is identical to the February.
Interestingly enough this occurred in only one of the 2 investment accounts I have with the same institution.
Comments
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@KeifferA before trying to reconcile I think you need to get a better understanding of what these transactions represent and why they are being used. If you have any questions regarding your statements your financial institution should be able to clarify so you can better understand how to enter these transactions onto Quicken. Sometimes relying solely on what is downloaded can lead you astray because not all investment transactions are, or can be, downloaded properly to reflect what the transaction really is.
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