Balancing Cash Adjustments

Don32@

I have used Quicken to track my JPM IRA accounts. This information is download from Qucken?JPM connections. Recently I have been getting Balancing Cash Adjustments. I can't get rid of these. The cash balance is the amount that is shorted in the sweep about. How do I rid myself of these Balancing Cash Adjustment and how to the get put in the in he first place. Thanks

Jim_Harman

Those Balancing Cash adjustments are almost certainly generated automatically when you enter or download a transaction for an earlier date than a Placeholder in the account for the same security.

Placeholders prevent new transactions like Div, Bought and Sold prior to the security’s Placeholder date from affecting the account’s cash balance. This shows up as N/A in the Cash Amt column of the transaction list. Quicken does this by creating a linked Cash Balance Adjustment just before the affected transaction. Deleting one of the transactions will delete them both.

To allow the cash balance to change when entering missing transactions that affect the cash balance, you must first delete all the Placeholders in the account for this security that have later dates than the transaction you are entering. Because of this, if you are entering a series of missing transactions it will be easiest to work in reverse chronological order.

Always back up your data file before changing historical transactions.