401(k) transferred from Vanguard to Ascensus - problem

mtbdog

I was able to set up the account and automatic downloads, and transactions were downloaded. But there is no register or any way to manually enter a transaction! Just an overview screen showing positions and such. That's pretty whacked.

What I've been able to find online is that I can't have a register and downloads. I should delete the account and start over with a manual account.

Anyone else experiencing this? Before I go through deleting and setting up a new account, would appreciate any advice.

Quicken Premier Version R59.35

Boatnmaniac

@mtbdog said -

Who would want Simple? 🤔. Can't imagine why that option would exist. Oh well.

Actually, there are quite a few people who want Simple Tracking. They simply aren't interested in seeing all the details in an account register. All they want to see is positions, value and overall performance. For them, the details are simply "clutter". This is especially true for many people when it comes to tax deferred and tax exempt accounts (i.e., 401k, IRA, Roth IRA, etc.) because there is no tax benefit to tracking securities, dividends and cap gains/losses transactions. For people who want Simple Tracking, even if they have taxable accounts, they will simply rely on the tax forms provided by their broker instead of troubling themselves with tracking all of that in Quicken. To each their own.

Also, Simple Tracking was implemented several years ago at the request of many Quicken users. It wasn't that Quicken just popped it into the software on their own initiative.

It should also be noted that some investment companies no longer support Complete Tracking and only support Simple Tracking. If Ascensus was one of these investment companies, you never would have been able to convert your account to Complete Tracking without first deactivating downloads and then manually managing the account.

To prevent this from happening again when you set up a new investment account: Your new Ascensus account was likely set up with Simple Tracking because for newer Quicken users there is a Preference setting that now defaults to that when new investment accounts are set up. I dislike that default because it is much easier and less problematic to switch from Complete Tracking to Simple Tracking than it is to do the opposite.

Anyway, you might want to go to Edit > Preferences > Investments > if the box for Default to Simple Investing for New Accounts is checked, uncheck it > OK. Then when you set up new investment accounts in Quicken in the future they will default to Complete Tracking (provided the investment company supports Complete).