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Lumping multiple Bank "accounts" into a single Quicken account

ColdGranite

For Download purposes, my bank treats every single GIC as a separate download-account.

On Quicken, I would like to treat each of these as a "security", and put multiple such "securities" into a single account.

I could, of course, treat each GIC as a security, and enter transactions MANUALLY…but since it is already possible to DOWNLOAD the transactions, just seems like unnecessary effort.

Even worse, I want my Quicken account to tracking tax-free bank "accounts" … which may include other items besides GICs… cash, mutual funds etc…each of which is downloaded by the bank as a separate "account".

Right now, I just create Quicken accounts 1 for 1 to match the bank's account, but it would be nice to have a single tax-free account to track all those.

Has anybody dealt with this is some way???

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Comments

NotACPA

In a typical month, how many transactions are there for each GIC? I'd expect very few, possibly only 1. And, how many GICs do you hold at any one time. What I'm trying to do here is get a feel for how many manual transactions you're facing.

And, what type of account does your bank consider a GIC to be? Checking? Savings? Investment?

And there's already the ability, in Q, to set the tax attribute for an account, for any security and for transfers in/out of most account types. So the last part of your suggestion is already exists.

ColdGranite

Well, the cash account would have a minimum of 1 per month, possibly more.

There could any number of GICs, 5, 10… each could have from 1 transaction per month to 1 per year.

There there could be one or more actual securities, such as mutual funds, which each could have 6 to 12 transactions per year.

Each is considered a separate account by the bank, for the purposes of download. Yes the whole thing might only be 30 to 50 transactions per year and could be done manually. Or the Q accounts could remain 1-for-1 with the bank's as they are now and be able to use the banks downloads directly.

But i was just wondering if possibly somebody has come up with a wonderful technique to make the many-to-one conversion, which would describe the situation more succinctly and conveniently… from my perspective, anyway.