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QMac (newly migrated from Windows) questions

Adience

I am trying QMac today for the first time, ported everything from my Windows file.

I am sure I will have plenty more questions but here are a few I noticed so far:

in the widows version in "Spending", it can show the total of any sub-category across all my accounts. But on QMac so far, it's separated by currency. My home currency is USD, but I also have a Canadian bank account and I pay for a Canadian mortgage. So in the Windows version, I can show everything related to "Housing" in one monthly total (my rent in NYC, my Canadian mortgage payment, my Canadian rental income from tenant). CAD will be converted to USD to show the total. It doesn't seem like QMac can do that?
Investing: I see that the stock prices in my portfolio are slightly off between the 2 systems. Are they pulled from the same source? why the difference?
I sold some stocks in my 401K account earlier in the year. The windows version doesn't mark that transaction as a "realized gain" income, while the Mac version does (and add the gains to my income for the month). is that normal?

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jacobs

Quicken Mac has limited support for multiple currencies, although full support is something the developers have previously promised will be forthcoming someday. While you can have accounts in different currencies, you cannot seem them combined in a single report or dashboard.
When you say stock prices are different, are you talking about the daily price quotes for your holdings? I believe Quicken Mac and Quicken Windows get the same feed of security prices from the same supplier; I don't recall other users noting any difference. Are you seeing difference in today's prices, or in historical prices? If you can provide a few examples of where you're seeing differences, we we can hopefully see if other users are seeing the same discrepancies.
Where are you looking to see the realized gain in your 401k account? (Portfolio? Dashboard? Report?) While a sale of a security in a retirement account does generate a gain, Quickne Mac knows this is not taxable income so it won't show up in a tax report. In the Income & Expense Dashboard card, you can click on the ••• icon to select which accounts are included, so you can remove your retirement accounts if you wish. In a Category or Summary report, you can similarly customize the report to not include your retirement accounts.

Jon

Also, make sure the account type migrated over correctly from Windows. If Quicken Mac thinks it's just a regular brokerage account rather than a retirement account, it won't know to treat the gains any differently.

Adience

@jacobs

2. Nevermind, apparently my Windows version didn't sync correctly last night. Now that I just sync'ed it again, most of the stock price from last night's closing match.

However, this prompted another thought I have. Is the source for Quicken to pull daily stock prices a centralized 3rd party database (like NYSE, etc) or the specific brokerage film that I have the account linked?

What happened last night is that the link between my Quicken Windows version and Chase was broken. So it didn't update the stock prices. This morning I reconnected the Chase login, now stock prices in the Chase Invest account on the Windows side match what I have on the Mac side. Does that mean Quicken is pulling the stock price directly from Chase?

If this is the case, then 2 other things don't make sense. (1) I enter my company sponsored 401K (managed by Empower) manually because Empower isn't supported by Quicken. And the way the account is updated is because somehow somewhere Quicken can just update the daily price of the mutual funds / ETFs from some other data sources. So I don't need to connect Quicken to this Empower account yet the account value in Quicken is tracks the real account fairly well. and I can see that both Windows and Mac versions show identical prices.

But on the other hand, I have another 401K account (in this case it's the equalavent retirement account I have in Canada, i.e. RRSP). I also have to manually enter the account the exact same way as the Empower account. but in this account, I am seeing different price quotes between the Win and Mac versions.

I have no idea what's going on.

3. I was looking at "Reports" > "Summary Report: Where did I spend my money YTD". I must say this is my first time poking around these reports, seems like I do need to customize it to get what I want. Nevertheless, if I run the default template, on the very top of the report, it has a category that is labeled "no-value" and it has all my investment gains/income included (both from taxable and nontaxable accounts).

@Jon I checked account settings, seems like it's a 401K.

4. I also notice that within one of my investment accounts, post migration, it just arbitrarily added 20K cash that I don't have. The amount won't go away no matter how many times I refresh / sync the account.

Adience

I guess so far the biggest drawback of QMac for me is multi currency support.

I love the interface and how fast it runs so far. and the cash flow projection within Bills & Income also seem to work better than Qwin.

Quicken Anja

Hello @Adience,

I’m posting the following details on behalf of @jacobs, who is unfortunately experiencing some technical difficulties in this thread that are preventing him from posting directly (we’re currently looking into this and hope to have it resolved soon).

From @jacobs:

I looked up the closing prices for the four stocks shown in the screenshot on a third-party site (Yahoo Finance), and all of the closing prices matched the quotes shown in Quicken Mac, not Quicken Windows.

Thank you!

Jim_Harman

In QWin, if you are running Premier and up and have enabled the the Real time quotes option at Edit > Preferences > Investments and you update quotes when the markets are closed, you will see quotes from after-hours trading. That might account for the differences you are seeing.

Adience

https://community.quicken.com/discussion/comment/20493320#Comment_20493320

I am on deluxe

Adience

Hi to both. yeah I subsequently found that it was my problem, the daily stock price matches now. I edited my post to reflect that at 9:58am to reflect that. However, I added to the post about another issue, can you check that? it's about where Quicken (Mac or windows) pulling stock prices from. thanks

Jim_Harman

Editing a post to ask additional questions after others have posted is not likely to get you any answers. Generally if you have an unrelated question it is better to start a new discussion.

But since you asked, Quicken routinely downloads quotes both from its quote provider and when you update transactions with your brokerage. There is a hierarchy that determines which price data is stored in the price history. See this Support article

https://www.quicken.com/support/how-update-security-prices/

Jon

Quicken will download prices for anything in the Securities window (unless you tell it not to update prices for securities you do not own). So prices are not just coming from your broker.