Which "Action" for transf cash fr Investing acct to checking account?

JimJ

what is the best/correct Action to use in the Investing account register for a transfer of cash/dividends to my everyday checking account? IntIncX seems most likely but looking for confirmation.

TY to the kinds souls who reply.

Jim J

q_lurker

The IntIncX would be for interest income directly transferred to checking. DivX would apply to a dividend directly transferred. If you are receiving several such distributions and making an aggregate transfer, you would use the applicable non-X transaction, and then a Withdraw or WriteChk transaction categorized to the [Checking account], or an XOut transaction.

JimJ

TY. CPA. will try this on for size.

q_lurker

The IntIncX would be for interest income directly transferred to checking. DivX would apply to a dividend directly transferred. If you are receiving several such distributions and making an aggregate transfer, you would use the applicable non-X transaction, and then a Withdraw or WriteChk transaction categorized to the [Checking account], or an XOut transaction.

JimJ

TY lurker. that does it.

NotACPA

Alternatively, if the interest (or other investment income) is received in a non-retirement account, you can turn on the "Show cash in a Checking account" feature of the brokerage account.

This will cause a pseudo-checking account to be created with ALL of the cash transactions moved from the brokerage account to the pseudo-acct.

JimJ

TY. CPA. will try this on for size.