How do I avoid double counting money market accounts and cash summary?

skid row wine
skid row wine Quicken Windows Subscription Member
edited August 2024 in Download, Add/Update Accounts (Windows)

JP Morgan investment accounts (simple investing - only option) double count money market funds and cash summary, screwing up account value and net worth calculations. I reset cash balance to zero but its overwritten each time I sync.

Any suggestions?

Answers

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    I'm with Fidelity, but I have my taxable account to "Show Cash in a Checking account", so there's only one amount.

    In the retirement accts, I carry the cash as cash, not as a security. The Div's still download as dividends, not MMF, so still no doubling.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

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