How to change money market fund treatment in Quicken investment accounts?

Question

The Help section in Quicken tells me to:

select an investement account; Open account details > edit account details; select the online services tab; and select set/edit next to one of the labels in the lower-right area.

In the lower-right area, select Set/Edit next to one of these labels:

* If treated as position - Treat this Money market as cash: None
* If no money market fund is selected - Treat this Money market as cash: None
* If treated as cash - Treat this Money market as cash: <SYMBOL>

and the Cash Balance and Money Market Preference status window opens.

There is nothing in the lower-right area of the online services screen.

Has this been moved to a different screen?  or what?

jl747 · Answer

Which Money Market is giving you the problem?

Such as SWGXX or SWVXX.

Is this in a Regular, IRA, IRA Roth or any other type of Schwab account?

schraub · Answer

Thank you for your response.

I will be away from my desktop PC until the 14th.  I will work on it by then and let you know if I have any further questions.

Thanks again.

Quicken Kristina · Answer

Thank you for your reply,

If the account is connected to Schwab for updates when you run One Step Update, then the account type would have been filled in automatically, based off of the information the financial institution provided when you connected the account. You're not able to change the account type if it's a connected account.

If it's an account that you update manually, then you would have chosen the account type when you set up the manual account in Quicken. You're not able to change the account type after it's created, but you can create a new account of the type you need to change it to, then click the gear icon near the upper right and select the Move Transactions option to move the transactions from the old account to the new.

A Brokerage account should give you the option to change how money market funds are tracked. To troubleshoot, please backup your Quicken file, deactivate the problem account, then add it as a new account.

To add it as a new account, navigate to Tools>Add Account and follow the prompts. When you get to the Add/Link screen, select Add to Quicken.

In the newly added account, confirm if the option appears.

Please let me know how it goes!