Treasury Bills and Notes Not posting as Interest

jennam

Hello,

I need to bring this problem up again to see if we can get Quicken to make some changes in the system. When reporting the sale of a treasury bill, we do not have the option to report the gain as interest instead of capital gains.

This is a problem because the workaround of entering it as two transactions breaks the match function if your proceeds go to a different account, and also creates issues with reconciliation to reports.

I do understand that a select few brokers separate them for you, but many of us purchase from Treasury direct and other brokers post the transaction as it occurs.

Quicken could easily fix this with a checkbox and some programming that would allow the investment to be calculated as interest instead of capital gains.

This would allow us to post the transaction as in a way that matches what we see on our statements and in out bank accounts. It would not affect those that report separately, and could be fixed with one easy click for the rest of it.

Does anyone know how to get an enhancement request to Quicken so that it will be seriously evaluated and acted on?

Thanks

NotACPA

"Does anyone know how to get an enhancement request to Quicken so that it will be seriously evaluated and acted on?"

Yes, rather than posting an discussion, you post an IDEA and see what support it gathers from other Q users.

In QWin, it seems to take about 50 favorable votes before it attracts the attention of the developers.

Quicken Kristina

Hello @jennam,

As @NotACPA said, you would create an Idea post. For more information, please see the discussion linked below:

https://community.quicken.com/discussion/7849425/creating-and-voting-for-ideas-in-the-community

I hope this helps!

Tom Young

So Treasury Direct now downloads into Quicken - they didn't back when I was buying T-Bills - and the maturity posts as a Sale?

I'm not really understanding "the workaround of entering it as two transactions breaks the match function if your proceeds go to a different account, and also creates issues with reconciliation to reports" statement. Maybe you can give a (made up numbers) example?

If you delete the Sale entry and do the proper two transactions entries, what gets broken, and where? Are you encountering some sort of "timing difference" issue here? I'd think that unless you have dozens of T-Bills maturing every day those timing differences would be understandably and easily managed by recognizing it for what it was, and then waiting for the "other side" of what sounds to be a "Transfer" to show up. If the issue is that we haven't yet come to the programmer oft-promised "online real time", where everything is updated to the nano-second everywhere and money is disappearing (or appearing) in one Account without an immediate offset in the other Account - the classic timing difference - then one approach is to create manual "clearing Accounts" in Quicken to hold the funds that haven't shown up (or left) from one Account to another Account. When the funds appear (or disappear) from the "real" Account you make an entry in the clearing Account to mimic that appearance (or disappearance). You'd expect clearing Accounts, typically, to zero out but if they have some non-zero balance then you can readily see the list of "in transit" movements.