Vanguard CashPlus

Vanguard CashPlus is an account with a money market holding, and a settlement account. Payments are taken from the settlement account balance. Quicken sets it up as two accounts, a "Cash" account for the settlement balance, and a brokerage account for the Money Market balance. When downloading transactions, the payments work fine from the Cash account. However, the brokerage account then shows a downloaded transaction for the same amount, which you have to delete (as a response to a June thread on this subject states). A bit annoying. In addition, monthly dividends for the settlement accounts post in both accounts, as a withdrawal in the cash account (should be a deposit), and a transaction to be deleted in the brokerage account.
Anyone figured out a way to remedy this nuisance of having to delete the brokerage account transactions?
Windows 11. Version R61.17 Build 27.1.61.17
Comments
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Hello @RickQuick,
We appreciate you bringing this to our attention.
Has this behavior been occurring since you initially set up the accounts, or did it start more recently? If it’s a recent change, do you recall when it began? Additionally, does this happen with all payments and dividends, or only certain transactions?
If possible, could you also share a link to the June discussion you referenced?
Thank you!
-Quicken Anja
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Been happening since day 1.
This happens with all payments from the settlement account, which also show up in the brokerage component, as well as the monthly dividend, which as I said shows up wrong in the settlement account as an expense.
There are 1/2 dozen threads on this, none resolving anything.
Frequently frustrated Quicken user since 19960 -
FWIW, Quicken does not set up Vanguard Cash Plus as 2 accounts. The account is established as a brokerage account. A user can create a cash account if selecting show cash in a linked checking account in account details. Vanguard initially downloads a holding for the Cash amount as if it were a MMF but thereafter inconsistently treats it as cash or MMF.
Vanguard is creating a bad download file for certain cash plus transactions. Quicken then displays the garbage being sent. If you actually have separate accounts rather than a brokerage with a linked checking account, you need to correct that.
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I have a brokerage account with a linked checking account.
Frequently frustrated Quicken user since 19960