How to setup an offline investment that tracks % interest

Question

I want to setup a completely offline investment.  This investment will earn monthly fixed interest rate payments that will be deposited to this offline account which will compound overtime.  It is completely offline but I will receive a statement every quarter ( maybe only twice a year).

I don't want to enter these manually.  What type of account do I setup and how do I get Quicken to calculate the interest earned based upon account balance and make the reoccuring deposits?

Thanks

Matt

q_lurker · Answer

My gut response is - You can’t.

For 12 transactions a year, I suggest you memorize the payee and schedule a monthly reminder with a set dollar amount. You would then simply edit that amount to match the quarterly statement.

UKR · Answer

Under Account details there is an Interest rate input that I changed to 12%

AFAIK, this is for information only and doesn't do anything else.

For credit card accounts it's a little more useful, with the rate carrying over into Debt views and the Debt Reduction Planner view.

mfelmlee · Answer

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I setup an offline investing account.  Under Account details there is an Interest rate input that I changed to 12%.  But I have no idea what that does since it doesn't ask for no further information.

Using the reminder to enter interest would be helpful then I only need to change the $ amount each time.