Interest Gain Loss

William Day
William Day Member ✭✭✭✭

Show an amount in the Gain/Loss Columns for interest generated by money market funds in Quicken Classic for the Mac and Windows.

1
1 votes

New · Last Updated

Comments

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Interest isn't a Gain or Loss. It's income, not a capital event as the price of the security didn't change.

    Simple accounting should overrule this idea.

    HOWEVER, if you're holding that MMF as a security, and not as Cash, there is an "Amount Income" column that can be displayed, at least in the Business & Personal product. Or several other income oriented columns that might work.

    BUT, as stated, I'd vote against this on the grounds that it violates accounting practice.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP